The £7 billion Carillion collapse has the UK government talking about breaking up the Big Four accounting firms

Carrillion was the UK government's go-to outsourcing partner, a company with a long and disgraceful history of putting profits before people -- perhaps that's why HM Government was so ready to believe in the company's robust financial health as it amassed £7B in debts and then collapsed, spectacularly, leaving the UK in financial and infrastructural disarray. Read the rest

The UK government declined a chance to get £364m out of Carillion before it failed, and British taxpayers are now on the hook for that money

Last December, the accounting giant EY presented a proposal to the failing mega-business Carillion to break it up and sell its profitable parts, keeping it from collapsing and sticking the British taxpayer with billions of pounds' worth of unfunded pension liabilities. Read the rest