0:00:29 > 0:00:34Statement the Minister for the Cabinet Office and the Chancellor of
0:00:34 > 0:00:36the Duchy of Lancaster.
0:00:40 > 0:00:44Mr Speaker, I wish to make a statement to update the House on a
0:00:44 > 0:00:53situation relating to Kennelly and plc. Today the directors of
0:00:53 > 0:00:55Carillion concluded the company is insolvent and going into
0:00:55 > 0:00:58liquidation.
0:01:20 > 0:01:25Taxpayers, should not and will not bail out a private sector company
0:01:25 > 0:01:32for private sector losses. Or allow rewards for failure.
0:01:32 > 0:01:39And I fully understand that members of the public and particularly
0:01:39 > 0:01:43employees of the Carillion group will have concerns. The Government
0:01:43 > 0:01:49is doing everything possible to minimise the impact on employees.
0:01:49 > 0:01:52All employees should continue to turn up to work, confident in the
0:01:52 > 0:01:56knowledge that they will be paid for the public services that they are
0:01:56 > 0:02:07providing. To support staff and it is applied to staff working for the
0:02:07 > 0:02:13private sector as well as the public sector contracts of the group. We
0:02:13 > 0:02:23have established a helpline, using Jobcentre Plus.
1:13:43 > 1:13:46Subtitles will begin shortly.