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<p>Decisions regarding payments to subcontractors and suppliers to Carillion are the
responsibility of the court-appointed Official Receiver. In his role as liquidator,
the Official Receiver is an officer of the court and independent of Government.</p><p>
</p><p>The Government has also taken swift action to put in place support to those
affected by this insolvency event. The Banks have made provision for nearly £1 billion
of support to those affected and the British Business Bank will provide support of
up to £100 million of lending to small businesses through its Enterprise Finance Guarantee
programme. HMRC will provide practical advice and guidance to those who were contracted
to Carillion and are now concerned about their ability to pay tax.</p><p>In its response
to the Insolvency and Corporate Governance consultation on 26 August 2018, the Government
announced that it will increase the current £600,000 cap on the proportion of funds
that can be ring-fenced and paid over to unsecured creditors, including small and
medium-sized enterprises, ahead of the usual order of priority in an insolvency. The
increase will be in line with the impact of inflation on the current cap since it
came into effect in 2003, increasing the cap to approximately £800,000.</p><p> </p>
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