Work and Pensions Committee

Carillion joint inquiry

Inquiry status: open

Oral evidence ongoing.

Scope of the inquiry

The management and governance of Carillion, its sponsorship of its pension funds, and the implications for company and pension scheme law, regulation and policy.

The Work and Pensions and BEIS Committees have launched a new joint inquiry into the collapse of Carillion, leaving a mountain of debt, potential job losses in the thousands, a giant pension deficit and hundreds of millions of pounds of unfinished public contracts with vast on-going costs to the UK taxpayer. The Committees will be investigating how a company that was signed off by KPMG as a going concern in Spring 2017 could crash into liquidation with a reported £5bn of liabilities and just £29 million left in cash less than a year later.

This inquiry will build on the Work & Pensions Committee's inquiry into defined benefit pension schemes and the BEIS Committee's work on corporate governance.

The Members of each Committee who will be conducting this inquiry are as follows: 

Work and Pensions Committee: Frank Field – Co-Chair (Labour), Heidi Allen (Conservative), Andrew Bowie (Conservative), Ruth George (Labour), Chris Stephens (Scottish National Party)

BEIS Committee: Rachel Reeves MP (Co-Chair) (Labour), Stephen Kerr MP (Conservative), Peter Kyle MP (Labour), Rachel Maclean MP (Conservative), Antoinette Sandbach MP (Conservative) 

Latest evidence

  • 07 Mar 2018 - Work and Pensions - oral evidence | PDF version (PDF350 KB) HC 769 | Published 08 Mar 2018

    Evidence given by Murdo Murchison, Chairman, Kiltearn Partners, Euan Stirling, Global Head of Stewardship and ESG Investing, Aberdeen Standard Investments, Amra Balic, Managing Director, BlackrockAndrew Wollaston, Partner, Global Restructuring Leader & Global TAS Private Equity, Ernst & Young UK, Alan Bloom, Partner, Senior Restructuring, former UK Restructuring Leader and Global Restructuring Leader, Ernst & Young UK, Lee Watson, Partner, Restructuring, Ernst & Young UK

    Watch this evidence session

Next meeting(s)

21 March 2018 9:15 am

Oral Evidence Session

View details

The Rt Hon Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy
The Rt Hon Esther McVey MP, Secretary of State for Work and Pensions
Charlotte Clark, Director, Private Pensions and Arm's Length Bodies
Niall Mackenzie, Director, Infrastructure & Materials
Marissa Thomas, Partner, Head of Deals, PwC
David Kelly, Partner and Special Manager, PwC
Gavin Stoner, Partner, Restructuring and Pensions, PwC




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