Why can PwC charge such superhuman fees? It’s all in the power of bargaining
The liquidation of Carillion continues to feature prominently in the news. Last week, the story was the fees being charged by PwC, the accountancy firm tasked with salvaging money from the wreckage. It emerged that PwC’s fees, which take priority in terms of being paid over the various creditors and pensioners, amounted to £20.4m for […]
Carillion shouldn’t be brought under state control, but maybe central banks should be
A strong thread in the acres of print about the Carillion debacle is that the private sector should not really be involved in infrastructure projects. The public sector would, apparently, do it better. Readers who experienced life under the nationalised rail and telephone systems might be forgiven their scepticism. One idea which is taking hold […]
