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Carillion: ‘Matter of days’ to stop collapse

The future of troubled engineering company Carillion is being discussed at high-level government meetings this weekend, the BBC understands.

The firm is a key government contractor for projects including the HS2 high-speed rail scheme, schools and prisons.

Sources say the firm has a “matter of days” as it teeters on the edge of collapse, with £1.5bn of debt including a pension shortfall of £587m.

Carillion is trying to reach an agreement with creditors.

Liberal Democrat leader Sir Vince Cable said the government must not bail out the struggling cons