Government used out of date accounts to carry out financial health check on Carillion

By Jordan Marshall2018-05-31T09:41:00

MPs leading inquiry into bust firm want to know why risk assessment used old figures

rachel reeves at Carillion inquiry

The chairs of the joint inquiry into Carillion’s collapse have written to the cabinet secretary with concerns about the way government carries out risk assessments for public sector jobs.

Business chair Rachel Reeves (pictured) and her counterpart at the work and pensions committee Frank Field have written to David Lidington wanting to know what financial health checks on Carillion were carried out.

The cost to the public purse of the collapse has yet to be totalled but the company left billions of pounds of debt and liabilities, with the costs of administering the company’s insolvency also being paid for by the taxpayer.

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