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G4S loses prison contact

The firm at the centre of the Olympics security shambles has lost its contract to run a jail and failed to win any further prison contracts it was bidding for, the Ministry of Justice has said.

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MoJ: Prison changes will save millions

The Wolds prison in East Yorkshire has been run by G4S since 1992 Credit: PA

Plans for prison reform announced today could save £450 million over the next six years, the Ministry of Justice said after private firm G4S lost its contract to run the Wolds prison.

The ongoing competition process for four prisons had "produced a compelling package of reforms for delivering cost reduction, improvements to regimes and a working prisons model in these prisons", the MoJ said.

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