Former Tory chancellor George Osborne is being paid £13,000-a-day by US fund managers BlackRock:
BlackRock had shorted its investments in Carillion – which means it benefits massively from any fall in its investments in the company as opposed to any rises:
So looks like everyone’s a winner from the collapse of Carillion.
Apart from the British taxpayers having to fork out millions, the Carillion workers being laid off and the hundreds of small businesses facing bankruptcy as a result of this Tory mess, obviously.
Pride's Purge 
It’s obscene amount off money, I’m surprised he was employed after the mess he left.
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Reblogged this on hilary77blog.
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Shorting is simply a bet on how the price will shift in the immediate future. It has no significant effect on how the price shifts. Blackrock made a profit by spotting that Carillon had got itself into severe difficulties before other investors did. The difficulties and consequent failure had nothing to do with Blackrock.
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Pingback: Former Tory chancellor George Osborne raking in cash from company that shorted Carillion collapse – paulh121
We should put the blame where it actually belongs. It wasn’t Osborne or the Tories. It was Labour who from 1997 ideologically implemented a massive expansion of contracting out public services to private companies such as Carillion, based on Labour’s sick PFI fallacy. Of course the the Tories were quite happy to continue it. The blame lies with Tony Blair, New Labour and EVERYBODY who failed to criticise them at the time.
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Verity. If you study the origins of PFI you will learn that the history is rather longer with some strands going back to Thatcher but implemented by Major & Co. Yes New Labour (Alan Milburn) did encourage the practice but Tony Blair was lectured at length by Margaret Thatcher soon after he took office. The policy has free-market economics — Chicago Boys written all over it.
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He’s an absolute disgrace. It’s incredible to me that the government has allowed this company to go under. There’s so much corruption and hypocrisy in the government its a wonder they sleep at night. And then they have the audacity to say there’s no money for the NHS. I just hope this slick snake oil salesman gets his comeuppance in the not too distant future.
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I may be wrong but is georgie not employed as a consultant, did he or did he not consult on black rocks investment in carillion , was it coincidence that Blackrock chose to divest itself of its investment , exactly how long did the government and associated hinger oans know of carillion problems , I ask as I am not really a believer in coincidence , excuse me while I adjust my tinfoil balaclava
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