O/F'ing/T Carillion

[sawmiller]

Where did you get your information from concerning the shareholdings of the cabinet and the political contributions of senior Carillion board members?

Stopping MPs voting on matters they have vested interests in would be an interesting one. Presumably that would mean that the whole of the Labour Party would be barred from voting on Trade Union legislation, or, at the very least, that RMT sponsored MPs would not be allowed to vote on matters concerning the railways, Unite sponsored MPs being stopped from voting on health matters etc.? It might leave Labour in a bit of difficulty in enacting a lot of its manifesto promises.

Don't single out one party - you could say the same for all of them. It's the SME's and ordinary folk taking the hit yet again. These senior board members have moved to tighten policy to protect their own payoffs and bonuses a short while back. Perhaps not illegal, but definitely immoral, and not how I run my businesses at all. When we had to make changes back in 08/09, everyone, myself included, took 5 weeks unpaid leave. I traded two extra weeks with one employee so that he only had to take three. My policy was that it was better that we all took a bit of a hit rather than a few take a massive hit i.e. job loss.

[millmoormagic]

Where did you get your information from concerning the shareholdings of the cabinet and the political contributions of senior Carillion board members?

Stopping MPs voting on matters they have vested interests in would be an interesting one. Presumably that would mean that the whole of the Labour Party would be barred from voting on Trade Union legislation, or, at the very least, that RMT sponsored MPs would not be allowed to vote on matters concerning the railways, Unite sponsored MPs being stopped from voting on health matters etc.? It might leave Labour in a bit of difficulty in enacting a lot of its manifesto promises.

And so be it, do you agree with the status quo then, because it plainly is a corrupt system full of corrupt people. To be honest, they've as much integrity as a slug in my opinion. If you wanna represent people, then do exactly that, don't use it as a vehicle to line your pocket, it's a very simple concept.....

It's been well documented that the chairman is, and still is, an advisor to the gov't on corporate affairs...go figure...

[mellowmiller]

If the government do bail out Carillion, then what?
It could be the start of a slippery slope with other failing companies feeling they can legitimately put claims in for government aid so how would it be decided which ones get help and which ones don't?
Carillion have to find their own solutions to the problems they have created and it may entail breaking up the company and selling off contracts to other interested parties.
It used to be illegal under EU law for national governments to bail out private companies but I'm not sure if that is still the case.

[one_a_day]

They are one of the largest FM companies around. Who do you think does the plumbing, the electrics, the air con, the fire alarms, the lifts, the security etc in the buildings that they do the FM for? It’s not Carillion, it’s all sub-contracted out to smaller businesses who cannot afford to take a hit.

I repeat, the government need to do something.

[flourbasher]

I used to work for Carillion or more specifically one of the companies that they acquired a while ago.
So part of my pensionable income is now a risk.
I also still have friends who work there.
Troubled times.

However, I have mixed views and whilst I don't want to lose some of my future pension I don't see why the taxpayer should pay.
After all, the taxpayer hasn't received a slice of their profits (save the minority who may have shares) when they were doing well.

[animallittle3]

I'm simply quoting from the capitalist / neoliberal play book , the rules of the western world .

From where I'm standing what is getting proposed would be the equivalent of Jeremy Corbyn privatizing the NHS .

[kempo]

In liquidation today.

My post 20 explains it all.

Maybe the Government will explain why they continued to give contracts to an obviously failing company who had given several profit warnings and was top of the League table of shorted companies.

[loyalmiller]

Carillion's site on Magna Way was open as usual today, I know because I delivered to them.

They're working on the tram/rail link at that site.

[animallittle3]

There’s also non such thing as “unregulated capitalism” is a silly slogan invented to impress the uneducated....see above

Really !!!!

Corporate greed and the tories go together like a horse and carriage .

Don't even think about nationalising your losses , your mess , clean it up .


http://www.thisismoney.co.uk/money/m...es-crisis.html

[gm_gm]

Really !!!!

Corporate greed and the tories go together like a horse and carriage .

Don't even think about nationalising your losses , your mess , clean it up .


http://www.thisismoney.co.uk/money/m...es-crisis.html

The definition of capitalism is fre trade without barriers or regulation, if you regulate trade heavily you have socialism not capitalism. If you create artificial regulation to gain market share you have an ogliopoly which is what is being created by the EU for the benefit of large conglomerates.