Carillion Liquidation

EDM number 786 in 2017-19, proposed by Stephen Lloyd on 15/01/2018.
Categorised under the topics of Companies, Insolvency and Pensions.

That this House holds grave concerns for the thousands of Carillion pension scheme members who face a cut to their pensions of at least 10 per cent because of the company's administration; is concerned that the former Carillion Chief Executive is to be rewarded for failure by continuing to receive his £660,000 salary, despite resigning from the company in 2017 in the wake of the business issuing successive profits warnings in 2017; calls on the Government to explain why it awarded contracts to Carillion despite said profits warnings; and further calls on the Government to implement a public inquiry immediately into how Carillion continued to win Government contracts despite obvious and public failings.

This motion has been signed by a total of 29 MPs.