Ripped-Off Britain

* THE ONE AND ONLY, TRUE AND ORIGINAL, 'RIPPED-OFF' WEBSITE ON THE INTERNET *

SEE THE NEW "INTRODUCE YOURSELF" THREAD: HERE - - and - - LOOK AT OUR NEW "CAR-BUYING GUIDE" SUB-FORUM: HERE

    Could Capita be the new Carillion?

    Share
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 13650
    Points : 21134
    Reputation : -25
    Registration date : 2008-08-23
    Age : 74
    Location : Scotland

    Could Capita be the new Carillion?

    Post by papa_umau on Thu 01 Feb 2018, 12:26 pm

    Precarious state of government contractor raises fresh questions about private delivery of public services.

    The government contractor Capita’s decision to launch a drastic rescue plan has led to fears it could follow Carillion into liquidation, leading to fresh doubts about the integrity of government outsourcing.

    In light of last week’s collapse of Carillion under a mountain of debt and with an estimated pension deficit of up to £990m, Capita’s shares fell by almost a half yesterday after its chief executive “slashed profit forecasts, announced plans to tap the market for £700m of investment and suspended a dividend that was worth more than £200m to shareholders last year”, says The Guardian.

    Read more on this latest trend from The Week HERE




    The Tories have always been keen on dishing out all of their public contracts to their private sector friends but it now seems that these ideas are eventually coming back to bite them.

    The frantic desire of the Tories to create a minimalistic public sector and to let the private sector do all of the work needed done for the taxpayers is having the effect of costing the taxpayers much more than it would have if these contracts had been kept in-house.

    Do you agree to this, or not ?


    _________________
    Best of regards

    Papa......


    avatar
    Angie baby
    Field Marshal
    Field Marshal

    Number of posts : 2855
    Points : 6892
    Reputation : 91
    Registration date : 2008-08-30
    Location : Northern England.

    Re: Could Capita be the new Carillion?

    Post by Angie baby on Sat 03 Feb 2018, 11:55 am

    I don't as I am already up-in-arms about the PPP and PFI contracts that the taxpayers continue paying for for many years after they are built.

    This privatisation of public services really has to stop.
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 13650
    Points : 21134
    Reputation : -25
    Registration date : 2008-08-23
    Age : 74
    Location : Scotland

    Re: Could Capita be the new Carillion?

    Post by papa_umau on Sun 04 Feb 2018, 11:50 am

    That is another Tory policy that was copied from the Blair days.

    The connection that the private companies have with the Tories is incestuous to say the least.


    _________________
    Best of regards

    Papa......


    avatar
    Hell's Granny
    General
    General

    Number of posts : 1466
    Points : 4904
    Reputation : 113
    Registration date : 2009-10-14
    Age : 70
    Location : in transit

    Re: Could Capita be the new Carillion?

    Post by Hell's Granny on Tue 06 Feb 2018, 1:39 pm

    Strange, I predicted this the other week. Must be Psychotic and telepathetic!
    avatar
    papa_umau
    Field Marshal
    Field Marshal

    Number of posts : 13650
    Points : 21134
    Reputation : -25
    Registration date : 2008-08-23
    Age : 74
    Location : Scotland

    Re: Could Capita be the new Carillion?

    Post by papa_umau on Wed 07 Feb 2018, 11:42 am

    "Telepathic" is a good word for it but I don't think that "psychotic" is the word you are looking for. Shocked


    _________________
    Best of regards

    Papa......



    Sponsored content

    Re: Could Capita be the new Carillion?

    Post by Sponsored content


      Current date/time is Tue 16 Oct 2018, 7:03 am