Carillion’s bankers have launched a £225m fund to help subcontractors and suppliers hit by the construction and outsourcing giant’s collapse. HSBC, Lloyds Banking Group and RBS have all set up funds of £100m, £50m and £75m, respectively, after coming under pressure from business secretary Greg Clark. Under the funding schemes the three banks are offering a range of help including interest rate reductions, temporary emergency loans with no fees, overdraft facilities, working capital support and advice on financing strategies. Business […]
Construction hauliers are bracing themselves for the aftershock of Carillion’s high profile collapse this week.
Government plans to introduce a fulfilment house register in a bid to clamp down on VAT fraud could see road transport operators facing prosecution if they fail to check they are delivering to and from registered fulfilment centres.