Capita profits surge bolstered by UK government outsourcing
Gill Plimmer writes that:
Capita reported a 16 per cent surge in interim pre-tax profits to £238m bolstered by a deal to run partly privatised military bases throughout Britain.
The outsourcing company, which also runs the Ministry of Defence pension scheme and the police radio systems, said on Wednesday it had won £1.3bn of new contracts so far this year.
Serious crime committed by offenders on parole increased by 50 per cent following the Government’s reforms to the probation service. The official data for England and Wales refers to Further Serious Offence reviews (SFOs). An […]
FirstGroup made a £40m dividend from Great Western Railway (GWR) last year, despite previously exiting its GWR contract to avoid paying £800m to the government. FirstGroup has run GWR since it was privatised in 2006. […]
Almost one quarter of public sector contracts awarded in 2018 went to sole bidders. The Financial Times reports that the number of contracts awarded without competitive tender rose to 23 per cent in 2018. In 2016, […]
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Copyright: Corporate Welfare Watch 2017
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