Link to this page: https://secure.socialistparty.org.uk/issue/1022/28403
Shares in Interserve - one of the UK's largest private providers of public services - have collapsed after it announced it has £500 million worth of debts. Interserve is the largest private provider of public services. For example, at King George Hospital in east London (whose A&E is under threat of closure) Interserve has a £35 million contract for cleaning, security, meals, waste management and maintenance. It also has its fingers in infrastructure projects and even probation.
The revelations follow the collapse of Carillion in January. Like then, we call for all the contracts and services to be brought back in house by the government and for every job to be saved.
In The Socialist 12 December 2018:
What we think
Socialist Party reports and campaigns