YEP Says: Carillion collapse is far-reaching

PIC: PA
PIC: PA
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THE collapse of construction giant Carillion after it finally buckled under the crippling weight of £900m of debt, has far reaching consequences.

There are serious questions that need to be answered, namely how the UK’s second biggest construction firm, has managed to fail so spectacularly. Purely from our local point of view, it seems it is good news that Leeds City Council says it has not signed off a contract for a £115m ring road with Carillion. But the company is involved with other major projects in the city. Let us hope the council’s monitoring and planning will have protected Leeds, at least to some extent.