No Government bailout for Carillion - PM

No Government bailout for Carillion - PM

The British government cannot be expected to bail out construction and services firm Carillion , Prime Minister Theresa May's spokesman said, after the firm's collapse.

"It's regrettable that Carillion has not been able to find suitable financing options with its lenders, but tax payers cannot be expected to bailout a private sector company. Since the profit warnings were first issued in July the government has been closely monitoring the situation ... we remained hopeful that a solution could be found while putting robust contingency plans in place, " he told reporters.

"Our primary responsibility as always (was) being able to keep our essential public services running safely.

Published: by Radio NewsHub
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