Pensions refusal

CAriLLiON’S chiefs stand accused of treating pension obligations with contempt.

Before the builder collapsed last month, the scheme’s trustees were repeatedly refused more cash to plug a ballooning black hole, it has been revealed.

Carillion went bust last month with a pensions deficit of nearly £1bn. documents made public today show that, in 2010, bosses said they could not pay more than £23m a year to plug the gap. Trustees had asked for £35m.

in 2016, trustees proposed annual contributions of £65m a year, but the company offered £33.4m.