“Politicians and regulators responding to Carillion’s collapse should resist the temptation to turn outsourcing companies into “safe spaces” that cannot fail, the boss of a rival has urged.
Carillion, which built roads and hospitals and provided cleaning and catering to the public sector, went under one year ago this week, leading to calls for tighter rules for outsourced services and greater scrutiny of those providing them.
But Rupert Soames, who led Serco through its own financial crunch four years ago, told The Sunday Telegraph: “You will get companies that are well-run and ones that are badly run – and the bad ones should go bust. …”
East Devon Watch 