(6 years, 5 months ago)
Commons ChamberThe private sector has a vital role to play in delivering public services and is something that this Government will continue to champion. Earlier this week, I announced new measures in the wake of the collapse of Carillion to promote and deepen responsible capitalism, whereby everyone plays by the same rules and businesses recognise their duties and obligations to wider society. That is in line with the Government’s commitment to deliver an economy that works for everyone.
As Carillion showed, the outsourcing of Government contracts is nothing but a gamble with jobs and public money. When will the Tories put the public interest first instead of their friends, spivs and speculators?
The collapse of Carillion has shown that outsourcing genuinely transfers risk from taxpayers to shareholders, directors and lenders—to the private sector company.