The rise of Carillion alongside the UK government’s promotion of private finance initiatives from the early 2000’s may have largely been heralded as a success until Carillion’s unprecedented demise early on this year. As Rebecca […]
Carillion’s collapse. Capita on the brink. The failure of the East Coast Rail franchise. A quarter of all additional funding allocated to schools in 2017 funnelled into profits for PFI firms. These are just four […]
The Government announced in early February that it would provide £100m in Government-backed loans to Carillion contractors, following the firms collapse. Support will be provided by the British Business Bank (BBB), which will enable high-street […]
Our newsletter for January 2018 introduced the launch of our newly updated and improved Corporate Welfare Database, featured our blog on the East Coast Rail Bailout (which was featured in a Guardian report) and included […]
The Financial Times provides a detailed discussion of just what PFI is, why it is appealing to governments and just how much money the British public owes on existing contracts. Based on the recent National […]
Following the collapse of Carillion, the Guardian produced an illuminating list of the contracts the firm holds with the government. From managing NHS operating theatres to major rail projects to maintenance and other services at schools and […]
The Guardian reports that UK taxpayers will be forced to give £200bn to contractors over 25 years because of private finance initiative (PFI) deals. According to a report by the National Audit Office (NAO), PFI […]
Copyright: Corporate Welfare Watch 2017