Jeremy Corbyn reckons the collapse of Carillion was a ‘watershed moment’. Now a somewhat unlikely source is using the same phrase – Sir John Bourn, the UK’s longest ever serving Auditor General, someone who knows where countless bodies are buried, and perhaps with scores to settle, is now off the leash. Jezza thinks the implosion of the out-sourcing giant back in January, which left hundreds of government contracts in limbo, means capitalism is doomed and the private sector should be kept well away from the provision of public services.

Bourn has no such qualms, accepting Carillion is “a watershed moment” because the company was “a Ponzi scheme”. Bourn was “angry and disappointed” at the lack of government oversight and “appalled” civil servants kept awarding Carillion billions of pounds of contracts after a massive profits warning left the hapless construction firm “in such a dicey position”. Arguably this para-statal organisation, entirely dependent on the taxpayer, was poorly monitored by civil servants who preferred dealing with a big company rather than more efficient smaller enterprises. Carillion had lobbyists and close relationships with the government’s procurement bureaucracy.

Dispatches investigation into Carillion on Channel Four at 10.30pm tonight.

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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”


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