Construction firm Carillion has gone into liquidation

Carillion, a major UK construction company, collapsed due to financial mismanagement, affecting 19,000 jobs and public services. Despite warnings, the government continued awarding contracts. The company had significant debt and pension deficits, leading to losses for banks and potential costs to the pensions lifeboat. Hedge funds predicted Carillion's overvaluation, which the board dismissed. The collapse raises questions about private companies' roles in public services.

What was the primary concern following Carillion's collapse?

• The increase in government contracts

• The rise in stock prices

• The effect on UK-based jobs and public services

• The impact on international markets

Why were there questions about the awarding of contracts to Carillion?

• Because it was a new company

• Due to its ongoing financial difficulties

• Due to its international reputation

• Because of its strong financial position

What was the estimated debt Carillion was carrying?

• £2 billion

• £500 million

• £900 million

• £1 billion

What did some hedge funds believe about Carillion since 2015?

• It was undervalued by the stock market

• It was overvalued by the stock market

• It was a government-owned entity

• It was a stable investment

What debate was ignited by Carillion's demise?

• The role of private companies in public services

• The effectiveness of international trade agreements

• The impact of technology on construction

• The future of renewable energy