Carillion, the second largest construction company in the UK and a massive outsourcing company is on the verge of going under The company that runs Britain is near to collapse. Watch and worry | Aditya Chakrabortty Carillion crisis looms for government as time runs out for refinancing deal Carillion in crisis as outsourcing operation crumbles under debt Critical construction industry watchers have been saying how screwed the UK construction industry is, and plenty of people have been banging on about Carillion being a walking disaster zone for the past 3-4 years (if not longer). As the Chakrabortty piece (first Grauinaid link) stresses, it's mad that despite the state of Carillion being common industry knowledge, the govt. has kept on handing over contract after contract. As it's now 'too big to fail', and will royally fuck the government it it does so (and could be a potential recession trigger) I suspect we will see a state bailout by Tuesday/Wednesday.