SHAREHOLDERS and creditors, not taxpayers, should take the financial hit of saving struggling construction giant Carillion from collapse, the Lib Dem leader has said.
Sir Vince Cable rejected suggestions the firm should benefit from a Government bailout to avoid major public sector projects being plunged into chaos.
Reuters 2 The construction company has been meeting with its lenders and stakeholders to access the situation
PA:Press Association 2 The leader of the Liberal Democrats says a bailout would be a big mistake
Carillion has met lenders to discuss options to reduce debts, recapitalise and/or restructure the group’s balance sheet.