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George Osborne and the US company that bet on Carillion’s collapse.

Former Tory Chancellor and current Evening Standard’s Editor George Osborne is highly benefiting from his work for the US firm that shorted construction giant Carillion’s collapse.

Former Tory Chancellor George Osborne is being paid £13,000-a-day by US fund managers BlackRock:

The Guardian

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:

Financial News

So, it 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.🔷

Embed from Getty Images

(This piece was first published on Pride's Purge)

(Cover: Flickr / Highways England. MP George Osborne, chair of the Northern Powerhouse Partnership, at the A556 Knutsford to Bowdon opening ceremony, 24 March 2017. Carillion was Highways England's second biggest supplier by value on its £5bn Collaborative Delivery Framework, according to Construction News.)

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