Lionel Laurent, Columnist

The Lessons of Carillion's Demise

U.K. government procurement is a mess and needs a revamp.

January 15, 2018 at 10:34 AM UTC

Lionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe. Previously, he was a reporter for Reuters and Forbes.

FILE: Carillion Files For Liquidation — Simon Dawson/Bloomberg

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Government contractor Carillion Plc's collapse into liquidation is an embarrassment for all concerned.

After the inevitable finger-pointing, blame-shifting and political backlash, the U.K. will hopefully knuckle down and strengthen a construction and procurement market that's too fragmented and weak to support its Brexit dreams without help.