11 Aug 2015 05:14
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Don't have an account? Click here to register.Public sector outsourcing rocket 53% in 2018 despite struggles
Tue, 15th Jan 2019 09:54
(Sharecast News) - GMB union has launched the Go Public campaign to reduce the outsourcing of public services which has risen by 53% in 2018 despite the struggles of many operators in the market and the Carillon collapse last year.In 2017/18 the lifetime value for the contracts was £95bn, up from £62bn the year before. With a special increase coming from the central government (up 144%) and further and higher education (up 126%).Capita which incidentally issued a profit warning in 2018, was one of the biggest winners of public outsourcing said the union, receiving contracts worth almost £1.4bn in 2017/18.Meanwhile Interserve, which issued two profit warnings in just two months at the end of last year, took £450m worth of contracts.The union this week launches its Go Public campaign which calls for an end to outsourcing and privatisation in UK public services and for a better deal to the taxpayer.Rehana Azam, GMB National Secretary, said: "What this shows is despite the tragic fiasco of Carillion, the government hasn't learned its lesson."The Conservatives are hell bent on privatisation and outsourcing our public services - regardless of the consequences."What other explanation can there be for this huge increase on outsourced contracts in the year Carillion went bust and when other outsourcing giants look like they're on life support?"
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BUZZ-The wage trade: the stocks exposed to a UK salary hike
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BUZZ-JD Wetherspoon: Hits 11-mth low after warning of minimum wage hit
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BUZZ-Labour-intensive firms at risk from Osborne's Budget
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London open: Stocks inch lower ahead of key Greek summit
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
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London pre-open: Stocks to inch higher ahead of euro meeting on Greece
UK stocks are expected to edge higher on Tuesday morning, though upside will only be moderate as investors continue to watch the latest developments in Greece. City sources predict the FTSE 100 will open 12 points higher than Monday's close of 6,535.68. Stocks worldwide had slumped on Monday after
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