Carillion and the government’s shameful inertia on reform

The outsourcer’s collapse revealed disgraceful failures at its auditor, KPMG, yet six years on where is the tough new regulator we were promised?Even at the distance of half a decade, the chaotic collapse of Carillion shocks. One of the country’s biggest construction and contracting firms, embedded in schools and hospitals, failed with liabilities of £7bn and just £29m in cash. The company’s pension schemes were underfunded. Almost 3,000 employees lost their jobs an