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Thread: Another big government contractor about to bite the dust?

  1. #1
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    Another big government contractor about to bite the dust?

    I wonder just how many government contractors have to go tits up before the Tories decide keeping things in house is cheaper in the long run with a lot less hassle:-
    More at link:-

    https://www.bbc.co.uk/news/uk-46494465

    2 hours ago

    Interserve: Major government contractor 'seeks second rescue deal'

    One of the UK's largest providers of public services is seeking a rescue deal as it struggles with 500m of debt, according to the Financial Times.
    Interserve, which works in prisons, schools, hospitals and on the roads, said it might look for new investment or sell off part of the business.
    Workers at the Foreign Office and the NHS are among Interserve's tens of thousands of UK employees.
    The government said it supported the company's long-term recovery plan.
    The Financial Times reported that the company was looking for a deal to refinance its debt which would mean lenders taking a significant loss while public shareholders would be "virtually wiped out".

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    The NHS will have to take over Interserve responsibilities in our local hospital immediately. The duties they carry out should never have been given over to a private company.

  3. #3
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    Quote Originally Posted by Barry View Post
    The NHS will have to take over Interserve responsibilities in our local hospital immediately. The duties they carry out should never have been given over to a private company.
    The same has happened here in Cornwall many of the aspects that were privatised have been taken back in house because frankly they were a disaster.

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    They're called unlicensed services for a good reason,contracting out doesn't mean best it so often comes at a price both in quality and occasions like this.
    The new parliamentary democracy,it's not the will of the people that counts but the will of 650......will come back to haunt them.

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