Taxpayers will face a £300m-£400m penalty if controversial - TopicsExpress

Taxpayers will face a £300m-£400m penalty if controversial probation privatisation contracts are cancelled after next Mays general election under an unprecedented clause that guarantees bidders their expected profits over the 10-year life of the contract. Labour is already committed to unpicking the justice ministry contracts to outsource probation services but will not now be able to do so without incurring the multimillion pound bill because of poison pill clauses written in by Chris Graylings department. theguardian/politics/2014/sep/11/poison-pill-probation-contracts-moj-serco-g4s

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