Carillion and the government’s shameful inertia on reform | Nils Pratley

Outsourcer’s collapse revealed disgraceful failures at auditor KPMG, yet six years on where is tough new regulator we were promised?Even at the distance of half a decade, the chaotic collapse of Carillion shocks. One of the country’s biggest construction and contracting firms, embedded in schools and hospitals, failed with liabilities of £7bn and just £29m in cash. The company’s pension schemes were underfunded. Almost 3,000 employees lost their jobs and the implosi