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Friday 21 September 2012

MPs want G4S to forgo £57m olympic fee



The Home office affairs committee report into the G4S fiasco has recommended that G4S forgo its £57m management. Which is no surprise as they failed to manage the security situation. It has also recommended that G4S compensate those who received training and accreditation as security guards but where not actually given an assignment due to G4S incompetence.

At a Home Affairs Committee hearing, Mr Buckles told MPs that he expected Games organisers to pay his company "exactly in line" with the £237m contract.

Far from paying the reaming cash the government should be seeking compensation, unfortunately this fiasco is just another example of dogmatic thinking in government. The idea that the private sector can provide services cheaper and more effectively than the public sector is as ridiculous as the idea that you can successfully nationalise the car industry.

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