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From: The Socialist issue 1022, 12 December 2018: Corbyn, unions: call action now. Finish the Tories off

Search site for keywords: Public services - Government - Carillion - East London

Interserve debts

Interserve shares have collapsed

Interserve shares have collapsed   (Click to enlarge)

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.







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