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Insider UK
Insider UK
Peter Davidson & Peter A Walker

Ministers 'squandered' £200 million on nationalising shipyard

Scottish Government ministers "squandered" £200m of taxpayers' money on nationalising Ferguson Marine at Port Glasgow, according to its former boss Jim McColl.

He wrote to the Holyrood committee probing the Glen Sannox and the as-yet unnamed hull 802 following First Minister Nicola Sturgeon's evidence earlier this month.

The two ferries are late in being completed and could potentially cost more than £300m - three times the initial £97m contract.

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