In case everyone has forgotten about the major collapse of the giant, private-sector, Carillion conglomerate, so favoured and advocated by the tory government, I came across the attached elsewhere in social media.
It's straight out of the business model so successfully operated, (perhaps that should be perpetrated?), by the likes of Robert Maxwell, Asil Nadir and Sir....yes, SIR Philip Green (among others) upon British consumers but more importantly and hurtfully, on the workforces of those corporations through the embezzlement of their pension schemes.
I shall watch the takeover/rescue of House of Fraser with interest!
'The pension regulator did nothing to save Carillions pensions. It says it was pressured by the government to be friendlier to business. So basically the government pressured it into letting Carillion rob workers pension funds. I hope they are suing.
So the tories have stolen our state pension and they've stolen our private pensions too by cutting the balls off the pension regulator.
Carillion got away with robbing the state and various people of 7 billion pounds, without consequences. This country is completely corrupt now.'
Dispatches... "How to Lose 7 Billion Pounds."
Tom