Outsourcing giant Capita has issued a profit warning and review of the business this morning.

Responding, Liberal Democrat leader and former Secretary of State for Business, Innovation & Skills Vince Cable said:

“Coming only a couple of weeks after Carillion’s collapse, this profit warning highlights concerns over handing outsourcing contracts to just a few big companies, though we note there is a turnaround plan in place.

“We need a proper government review of the outsourcing model and assurances from ministers that they are factoring in any risk on Capita projects.”