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A wider perspective on Carillion

THE mainstream media is very poor at providing historical context to events, perhaps particularly in the age of “breaking” and 24-hour news.

The liquidation of Carillion in mid-January was not a great deal different.

ITV pundit Robert Peston did tweet that the end of Carillion also meant the end of the 25-year Tory and Labour government love affair with PFI — partnerships where privateers made the profits and, when they didn’t, the public picked up the costs of the risk.

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