Public service providers will have to draw up 'living wills'

The Cabinet Office proposals set out to limit potential collapse damage post-CarillionCompanies that provide critical public services will have to draw up “living wills”, to prevent taxpayers being saddled with the cost if another major outsourcer such as Carillion collapses, under plans outlined by the government.The Cabinet Office unveiled a series of proposals designed to reform government procurement in the wake of Carillion’s failure, which has cost the taxpayer an estimat