Urgent Question on Capita: 24 April 2018

24 April 2018

Leader of the Liberal Democrats, Sir Vince Cable, asked an Urgent Question in the House of Commons on the financial situation at Capita.

The question was responded to by the Parliamentary Secretary for the Cabinet Office, Oliver Dowden. He updated the House on Capita’s statement yesterday which announced that underlying profit before tax is £383 million for 2017, which is in line with market expectations; and that, as a result of the rights issue, it has made a £21 million contribution to reducing its pensions deficit.

Vince Cable stated that the public will clearly be deeply concerned that yet another major Government contractor has been in financial distress, following Carillion and earlier service problems with Serco and G4S.

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