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Carillion - Statement

Part of the debate – in the House of Lords at 5:06 pm on 15th January 2018.

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Photo of Lord Berkeley Lord Berkeley Labour 5:06 pm, 15th January 2018

Can the Minister possibly explain something? In the last five years, contracts such as for the railways, HS2 and maybe others have become more and more complex. Therefore, the cost of responding to them can, I am told, be £10 million or £20 million. These companies are not making a lot of money, so if they lose a contract they have lost that £10 million or £20 million. This may happen to rail franchises as well. If this goes on, I worry about who will be next. It is getting more and more complex, the cost is greater and the companies do not really make that much profit to get a reward. I would be interested in the Minister’s comments.