Carillion's liquidators PwC charge a lot!

PRICE WATERHOUSE COOPER (PwC), the accountants dealing with the failed construction company Carillion affairs, have been claiming an average of £356 an hour for their services following Carillion’s collapse in January.

These figures were exposed in a letter to the Parliamentary enquiry into the firm’s demise.  It was revealed that the PwC accountants billed for £20.4m in fees during the first eight weeks of the insolvency.

Its total bill for this work is now expected to reach £50m.

Worst of all 'Pension specialist' partners from PwC were charging the highest rate at £1,156 an hour.

 Unite's assistant general secretary Gail Cartmail told the trade paper the Construction Enquirer: 'Unite is passionate about ensuring that all workers are paid the correct rate for the job, however for the thousands of workers who have lost their jobs due to Carillion’s collapse, these figures will be viewed as both eye watering and excessive.
'On average PwC staff will be earning in an hour what many of the workers who have had their lives turned upside down earned in a week.
'The government needs to introduce a realistic cap on what can be charged when accountants are brought in to mop up similar messes in the future.'