Government knew of plan to raise £360mn from Carillion

The Telegraph reports that the Government was informed by  Carillion’s accountants in December 2017 about a plan to break up the company, selling the profitable parts and putting the rest into liquidation.  It is believed this would have generated more than £360 million, £218 million of which could have be put into the company’s pension schemes.

It is understood that the Cabinet Office did not consider it appropriate to advise the construction giant on business decisions. Read more…..