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And don't miss Lionel Laurent on the consequences of Capita's woes: "Nor is this happening in an ideological vacuum. Jeremy Corbyn, the popular leftwing leader of the opposition Labour party, is sure to seize on another chance to attack the "costly racket" of outsourcing public services -- a model so warmly embraced by his predecessors Tony Blair and Gordon Brown. And he's right to say that an infatuation with saving money for the taxpayer has led to self-harm, such as dangerously low contract bids and the transfer of risk to firms with fragile financing."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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