The Government's decision to hand over prisons to the private sector was "a mistake of Olympic proportions", said the chief executive of the Howard League for Penal Reform after G4S lost one of its contracts:
The Government will seek to deflect criticism of its prison privatisation programme by excluding G4S from the next stage of the bidding process, but the principle of awarding lucrative contracts to private companies running prisons on the cheap remains unchallenged
Private firms are often much better at winning contracts than delivering the goods, but the criteria for these decisions have not been made public.
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The chancellor now faces the prospect of forming a minority government or calling for a snap election.
The 73-year-old said a return is unlikely "given the politicised atmosphere that seems to have afflicted our set."
Chancellor Philip Hammond said the UK will make a financial proposal to the EU in the next three-and-a-half weeks.