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2023. T's and C's eligibility criteria and geographical restrictions apply. Welcome to EFT politics, the Financial Times podcast on all things British politics.

I'm Sebastian Payne and in this week's episode we'll be discussing the collapse of

Corillion and where the government is to blame plus looking at Emmanuel Macron's

first presidential visit to the UK and what the huge future holds for Anglo-French relations.

I'm delighted to be joined by our political editor George Parker, Chief Foreign Affairs

commentator Gideon Rachman, Chief Political Correspondent Jim Picard, and Deputy Comment

Editor Miranda Green. Thank you all for joining. correspondent Jim Picard and Deputy Comment Editor

Miranda Green. Thank you all for joining and if you enjoy this and other

episodes of FT Politics don't forget to subscribe to receive it on your phone,

tablet or computer every Saturday morning.

So on to the big political story of this week, which is the collapse of Karelian, the

construction giant that held some huge private and public sector contract.

It turned spies, the company had just 29 million pounds of cash left

while over having a billion pounds of debt and after begging the government for a

150 million pound loan, it fell under.

Pertile and questions have been raised about whether the company was too big, had emerged too many

times and whether it was foolish of Theresa May's governments to give it so many big lucrative

contracts.

Jim Picard, before we dive into the details, can you just give us an explanation of what exactly happened with

...