You are viewing a single comment's thread from:

RE: After The Carillion Collapse: Who Is To Blame?

in #carillion7 years ago

Carillion collapse is based on the constraints of the governments. Carillion, the banks did not give credit to the company naturally collapsed. To me, governments are the only ones responsible. They have sunk a company that has been working for 200 years.

Sort:  

Why did the company need the credit?

The company had been experiencing financial difficulties since the last year due to the debt reaching 1.5 billion sterling. The company was trying to borrow money from the debt. The company had a total of 43k people working at 20k UK. the British government announced they would support the company. but they are already bringing the company to this position.The government has already brought this to the company. @taskmaster4450

So the company was in debt a year ago and it is the government's fault?

How is that?