Labour Party Says Carillion Impact `Running Out of Control'

The transcript discusses the financial troubles of Carillion, a company with significant public sector contracts, and its impact on the workforce and supply chain following its liquidation. The government's continued financial support despite these issues is highlighted. The discussion shifts to Labour's perspective, advocating for public service contracts to be managed in-house, emphasizing a public service ethos over profit-driven motives, and suggesting a reduction in outsourcing to the private sector.

What were some of the financial issues faced by the company discussed in the first section?

• Expanding market share and new investments

• Collapsing shares and overwhelming debts

• Increasing profits and stable leadership

• Stable stock prices and low debts

What is the immediate impact of the company's liquidation on public services?

• Disruption in management of prisons and hospitals

• No impact on public services

• Improved efficiency in public services

• Increased funding for public services

According to the second section, what is urgently needed to address the situation?

• Increased outsourcing

• Reduction in public sector funding

• Government action to control events

• More private sector contracts

What is Labour's stance on managing public service contracts?

• Outsource all contracts to private companies

• Bring contracts back in-house

• Increase profit-driven management

• Reduce public sector involvement

How does Labour propose to handle private sector contracts in the event of liquidation?

• Ignore the situation

• Move quickly to protect jobs and contracts

• Reduce government intervention

• Increase outsourcing