Carillion crisis: Theresa May rules out bailout - live updates

Prime minister tells cabinet that it wasn’t possible to rescue Carillion, but insists taxpayers won’t face a huge billLatest: PM says taxpayer won’t bail out CarillionLabour: Government colluded to keep Carillion runningDirectors face ‘fast-track’ investigationUnions call for national task forceCarillion: Engineering firm owed £1.6m 3.38pm GMT ITV’s Joel Hills has more details of the Carillion witness statement, and it’s very bad news for creditors