After Carillion collapse UK's May says tax payers can not be expected to bail it out

UK PM May out with comments in the wake of Carillion going down 15 Jan

  • priority is now the continuation of public services
  • normal tendering processes were always followed
  • if there are lessons to be learned for the govt they will be
  • some costs will be incurred by govt to fund Official Receiver's work

I reported on the story here earlier which begs the question of why keep awarding key contracts to a company already issuing profit warnings.

Meanwhile GBPUSD down at 1.3770 after the earlier 1.3820 highs in a rush.

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