Carillion collapse exposed flaws in UK government policy: lawmakers

LONDON (Reuters) – The collapse of Carillion (CLLN.L) exposed the risks of using private companies to cut the cost of delivering public services and its failure could be repeated if the government does not learn lessons, lawmakers said on Monday.

FILE PHOTO: Cranes stand on a Carillion construction site in central London, Britain, January 16, 2018. REUTERS/Simon Dawson/File Photo

Carillion, which employed 43,000 people to provide services in defense, education, health and transport, collapsed in January, becoming the largest construction bankruptcy in British history. It left creditors and…

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