Tag Archives: liquidation

Hypocrite Theresa May and Tories took £50,000 from firm that bet on Carillion’s failure

Naya made its donation to the Tories a week before the general election on June 8 [Image: EPA].

The hypocrisy is appalling but nobody should be surprised by the information.

Corrupt Tories are happy to take money from anyone, and won’t care that it comes from the collapse of a company they were paying to provide public services.

It’s all part of their belief system: Privatise profit…

Nationalise debt.

Theresa May has been branded a “total hypocrite” for accepting £50,000 from a firm accused of making money off Carillion’s failure.

Naya Capital Management UK, which made the generous donation to the Tories a week before the general election, is one of a string of hedge funds that bet on the company’s share price falling.

Their value fell more than two-thirds in July, with Naya reportedly making £7.6million.

Carillion plunged into insolvency six months later.

Jon Trickett, Labour Shadow Cabinet Office Minister, said: “Theresa May is a total hypocrite.

“Despite promising to crack down on irresponsible businesses her party is happy to accept cash from those who have pocketed millions of pounds from Carillion’s collapse.”

Source: Theresa May branded a ‘total hypocrite’ after Tories trousered £50,000 from firm that bet on Carillion’s failure – Mirror Online


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Call for HS2 to be scrapped amid Carillion collapse

Cheryl Gillan [Image from the Bucks Free Press].

This is worth knowing – it’s looking bad for Transport Secretary Chris Grayling:

A Buckinghamshire MP has called for the controversial HS2 project to be scrapped amid the news that Carillion – which was awarded a major construction contract – has collapsed.

Dame Cheryl Gillan, MP for Chesham and Amersham, said plans for the £56 billion line – which will cut through The Chilterns – should be cancelled amid the liquidation of the construction giant Carillion.

During a statement by the minister for the cabinet office and fellow Bucks MP, David Lidington, in the House of Commons on Monday, Dame Cheryl said she warned against the risks to the taxpayer from the company back in July 2017.

When HS2 awarded the contract to Carillion last year, she asked that the Secretary of State for Transport confirm that he had “carried out due diligence on those companies, and that the taxpayer is not in reality carrying unacceptable risks on the construction of HS2.”

She said: “On July 17, I brought the Secretary of State for Transport to this House for 10 o’clock at night to answer the questions I raised about HS2 contractors, and the unacceptable risks to the taxpayer that included Carillion. Unfortunately, those words seem to have come true.”

Urging Mr Lidington to reconsider the project, Dame Cheryl requested that, as he was looking into the effects of Carillion’s collapse on those constituencies in which they had contracts to provide other services, “could he also look at the other failures of HS2, and management, and Government, and wouldn’t he, as well as his constituents, as well as my constituents, and maybe, Mr Speaker, some of your constituents, feel that now is the time to cancel this ill-fated, poorly-run project?”

Source: MP Dame Cheryl Gillan calls for HS2 to be scrapped amid Carillion collapse


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City Link boss should’ve paid employees instead of donating to Tories

141227citylink

The boss of parcel delivery firm City Link, John Moulton, announced on Christmas day that it has gone into administration. The firm employed 2,727 staff – none of whom knew anything about this until they saw it on the news (if they saw it there).

The image above is a clever response, courtesy of ‘nutfree’, spotted on the social media. The comment alongside it was: “Wonder if the Tory Party will refund the £450, 000 City Link head John Moulton has bunged them over the years to help pay outstanding wages to staff?”

Follow me on Twitter: @MidWalesMike

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