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Anon @ 17.13 - your comments about the left wing might be more understandable if it weren't for the fact that there are also Conservatives asking questions today.

You are obviously correct to say that a profit warning does not necessarily rule them out of any further contracts. But given the scale of the issue reported as part of those profit warnings (write downs of £845m), I think it is entirely understandable that people are querying why further contracts were awarded.

From my own point of view (admittedly left wing), the much wider question is basically an eggs and basket point. If collapse of a single private company results in a meeting of the Gov emergency Cobra committee, that suggests to me that too much was riding on the continued functioning of that company.

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