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The leader of the Liberal Democrats,
Sir Vince Cable, has warned
the government not to agree
to bailout the construction
with taxpayers' money.
There are fears the firm,
which has debts of £1.5 billion,
could collapse after creditors
rejected a possible rescue plan.
Carillion employs about 20,000
people in the UK and is one of
the government's main contractors.
Our Business Correspondent
Joe Lynam reports.
This is Liverpool's list Hospital
and construction, it will be the
biggest single hospital in the UK
and is being built by Carillion. Now
there are fears that projects like
this could be affected if the
company collapses. Carillion is
responsible for some of the UK's
largest infrastructure projects.
Should the government bail out the
I think what
needs to happen in this case, the
contracts have to be kept going, and
supporting the supply chain and the
tens of thousands of workers. That
can be done by the government taking
much of this in-house or
re-tendering. The government can't
adjust to a financial bailout. The
shareholders and creditors, the big
banks, have to take a hit, they
can't just off-load all the losses
onto the taxpayer.
Carillion is a
major British company with hundreds
of contracts running prisons,
maintaining hospitals and MoD
facilities. At almost 20,000
employees here and tens of thousands
more dependent on the company. Yet
it has run up debts of £1.5
it has run up debts of £1.5 billion
including almost £1 billion to its
banks whose patience has run out.
Britain's biggest ever rail
infrastructure projects are just two
begins construction here and here at
Euston station, Carillion is
supposed to build and but are given
its mountain of debt is a real
chance the government might step in
and have to give this contracts to
other companies simply bail the
company out. With all the moral
hazard that comes with that. So what
would happen to other companies that
Carillion had passed on work too?
Companies like Carillion outsource
most of their works are pretty much
all the supply chains are dependent
on them for payment. And you have so
many tiers of contracting, people
lower down the chain equally
concerned. But that's the kind of
model we have in the construction
industry were large firms outsource
If Carillion cannot be
saved or restructured the
consultants EY have been put on
notice to take over as
administrators. A precautionary
measure which the government and
thousands of staff hope will not be
And Joe joins me in the studio. A
worrying time for those employed by
Carillion and for the government a
huge headache. What is happening
behind the scenes.
There has been a
meeting on Thursday and there will
be further meetings this weekend,
such as the concern in Whitehall.
Major government departments at
involved in this from transport,
Treasury, justice, business, it's
all controlled by the Cabinet Office
which has a new minister, David
Lidington, this week. The government
stressed they have contingency plans
and they are robust, should anything
happen to Carillion major projects
like Liverpool and HS2 will continue
as normal. Sources tell me the
Carillion issue needs to be sorted
in the next few days, not weeks.
Lynam, our business correspondent,
thank you very much.
Consumers can no longer be charged
extra for paying by credit or debit
card under new laws from today.
From today it will be unlawful to
charge credit or debit customers
more than other customers.
It is hoped the ban will benefit
shoppers and holidaymakers who buy
goods online or in small stores -
but some retailers have already said
they will raise overall prices
in response to the change.
Adina Campbell reports.
They are the small fees
added at the very end
of the buying process.
In percentage terms it
may not be that much,
but these card surcharges add up.
Not any more.
Under new EU rules, retailers
on or offline can no longer charge
customers for paying with a credit
or debit card.
The Treasury says these
surcharges cost consumers
£166 million every year,
but some companies such as concert
venues can still charge
a booking or service fee.
No longer will they be
penalised just for paying
by credit or debit card.
Now with the end of surcharges
you are comparing like for like.
The price you see
is the price you pay.
You don't get a nasty
sting at the end.
But some small businesses
are concerned the new ban
could hit profits.
Nearly 63% of our sales
are by credit card and debit card
so it will affect us
in the long-term if rates
and increased rates do go up.
For retailers like this
hardware store, today's ban
throws up several options.
They may decide to suck up the cost
of processing a debit
or credit card.
Alternatively, they could simply
put up their prices
or they may decide to re-brand these
fees as a service charge.
One business that's already been
criticised is the delivery company,
Just Eat, which has said it
will impose new charges
on customers who pay by card
and others may go on to do the same.
There are now calls
for the new changes to be closely
monitored to ensure consumers
are not punished for
paying by plastic.
Adina Campbell, BBC News.
A 25 year-old model has
died after being stabbed
in a street in west London.
Harry Uzoka had recently done
a photo shoot with GQ Magazine.
Friends and family have
described him as an "inspiration
to young black men".
A 27 and 28 year-old-man have been
arrested on suspicion of murder.
Dentists have accused the government
of not doing enough to tackle
tooth decay in England.
New figures indicate
there were nearly 43,000
operations to remove children's
teeth last year - a 17%
increase on four years ago.
The British Dental Association says
England now provides
a second-class service when compared
to Scotland and Wales.
Our health correspondent
Dominic Hughes has the story.
Tooth decay in children is
distressing, painful and avoidable.
Dentists say sugary snacks
and drinks are the biggest cause.
British children drink
more soft drinks than
anywhere else in Europe.
And the number of
which have to take place in hospital
under a general anaesthetic
is continuing to grow.
by the Local Government Association
show there were nearly 43,000
multiple tooth extractions among
under-18s in England last year.
That's around 170 every day of the
working week. Overall, there's been
an increase of 17% in just four
years. Dentists say children in
England are suffering,
and are being offered
a second-rate service
compared to Scotland and Wales.
We have seen in
Scotland and in Wales
that they have got national
programmes to try and prevent this.
And they have actually got some
reasonably good results
out of it.
The government has not put any
money into a national
for England, and that's
the reason why we are seeing
so many children being put under
The Department of
Health in England says
the introduction of a tax on sugary
drinks was part of its plan
to reduce the number
of extractions, and that
more than half of all children have
seen a dentist in the last year.
And, with proper oral hygiene, good
brushing and avoiding high sugar
snacks and drinks, thousands of
children could be saved from
experiencing the pain of a rotten
Dominic Hughes, BBC News.
With all the sport,
here's Mike Bushell
at the BBC Sport Centre.
Good afternoon, Mike. Good
afternoon, thank you. Let's start
Johanna Konta says she has recovered
from the hip injury that
disrupted her preparations
for the Australian Open which starts
on Monday in Melbourne.
The British number one,
who is seeded ninth,
steered clear of the debate sparked
by Billie-Jean King calling
for the Margaret Court
show court to be renamed
because of controversial comments
from the Aussie tennis great
about gender and sexuality.
I do not agree with what Margaret
Court said. However she is entitled
to her own opinion. But again in
terms of playing, if I'm scheduled
to play on Margaret Court I will go
out there and compete. It is a
tournament decision where they put
In the golf, defending champions
Europe trail Asia by one
point after the second
day of the EurAsia Cup in Malaysia.
The Europeans had been
going really well initially -
led by Henrik Stenson
and Tommy Fleetwood -
and were two points ahead
after winning the first three
foursomes this morning.
But the Asian team
came back strongly
and when Bernd Wiesberger
and Ross Fisher missed this
putt at the seventeenth,
they went ahead six and half points
to five and a half,
going into tomorrow's singles.
With nine athletes already named
as part of the Paralympics GB team
for the upcoming Winter Games,
the race is on for others to join
them on the plane to South Korea.
And for the first time in 20
years there could be
a British Nordic Ski team competing
in Cross Country and Biathlon.
Kate Grey has been to Norway to meet
those chasing a place.
For these three there is no time to
take in the beautiful scenery.
has been 20 years since Britain has
been represented in Nordic skiing at
the Paralympics. Back then this man
was flying the flag, now at 47 he is
hoping to give it another go.
like a new lease on life. I had not
realised how much I had missed it.
It gets a hold of you, I am really,
really glad I'm back here again.
his team-mates Scott and Steve
Pyeongchang would be their
Paralympic debut but they have had
international experience competing
at the Invictus Games.
To get my
body and my mind ready for going to
the big events like the Invictus
Games, that has helped massively.
It's definitely been a big stepping
stone to move on to, hopefully, to
go to the Paralympics in March.
These guys have been two very
different journeys to reach this
point but they have one thing in
common, the military background.
It's thanks to support from the help
that he was programmed that they
have been able to recover, train and
find success through sport.
newspaper article is about being a
soldier, losing your legs. And
suddenly you find yourself in the
world of sport where people don't
care how you got injured, they can
about how fast you can ski and
clearly you can shoot and they want
to know if we are going to the
Paralympics or how we did in the
World Cup. They don't care about
your injury and I really enjoy that.
It helps me feel I have truly moved
on with my life, and I don't like my
injury define me.
And with two more
qualification events before the team
is announced in one month's time
it's the final push to make it to
Pyeongchang. Kate Grey, BBC News,
Norway. Let's hope they can make
That's all the sport for now.
Plenty more on our website -
Plenty on the build-up to today's
football in the Premier League, its
goal is between Cardiff and
Sunderland, that's the latest. Thank
You can see more on all of today's
stories on the BBC News Channel.
The next news on BBC
One is at 5.40pm.
Bye for now.