Jim
I can only use the evidence I see with my own eyes, why they seem irrelevant is a mystery to me. This is the reason I asked you in the first place, what manner of constructions you were referring to.
Jackie
Bank of England raise the interest rate
Re: Bank of England raise the interest rate
It's not the size of the dog in the fight, it's the size of the fight in the dog.
Re: Bank of England raise the interest rate
Well, as predicted by many news sites, Carillion, the second biggest construction company in the UK, is being liquidated. Debts of £900m that we know about, plus £600m shortfall in their pension pots.
They were recently awarded £1.5bn contracts by government, despite warnings.
They have HS2, roads, Hospitals, Schools and many more contracts, but also school meals, hospital meals and much more. They employ over 40,000 and that doesn't include sub-contractors - most of whom won't have been paid recently and many of whom will also go to the wall. Carillion had 120 day payment terns to creditors - so many will suffer. Interestingly, Carillion was under sever pressure over those payment terms as the EU normally stipulate a maximum of 60 days!
A serious disaster.....
Oh, and their Chairman, another Phillip Green, is one of Theresa May's closest advisors...... on Corporate Governance!
They were recently awarded £1.5bn contracts by government, despite warnings.
They have HS2, roads, Hospitals, Schools and many more contracts, but also school meals, hospital meals and much more. They employ over 40,000 and that doesn't include sub-contractors - most of whom won't have been paid recently and many of whom will also go to the wall. Carillion had 120 day payment terns to creditors - so many will suffer. Interestingly, Carillion was under sever pressure over those payment terms as the EU normally stipulate a maximum of 60 days!
A serious disaster.....
Oh, and their Chairman, another Phillip Green, is one of Theresa May's closest advisors...... on Corporate Governance!
