In a related story, Bloomberg News reported that, for a leader of the U.K.’s party of business, Prime Minister Theresa May has had plenty of corporate headaches in her 18 months in power. None have been more spectacular than Carillion Plc, the construction giant whose collapse last month threatens to make politically toxic the notion of governments outsourcing to cut costs, Bloomberg News reported. At a parliamentary hearing, lawmakers Tuesday accused its management of being “asleep at the wheel.” Here is a snapshot of how U.K. Plc is going to keep giving May grief.

The U.K. economy is being bailed out by stronger growth in the euro area and the rest of the world, according to the National Institute of Economic and Social Research, Bloomberg News reported. A better-than-expected global expansion accounted for about a third of the increase in U.K. gross domestic product last year, explaining the nation’s stronger-than-forecast performance in the wake of the Brexit vote, the think tank said in a report Wednesday. The resulting boost to trade, at a time when future commerce relationships remain uncertain, was “critical” for the U.K.

Royal Bank of Scotland on Tuesday denied a British lawmaker's allegation that its executives misled a parliamentary committee over the extent to which the bank mistreated small businesses during and after the financial crisis, the International New York Times reported on a Reuters story. The chief executive and chairman of state-owned RBS were questioned extensively last week by Britain's Treasury Select Committee (TSC) over a restructuring unit that is alleged to have pushed struggling firms into bankruptcy in order to be able to pick up their assets on the cheap.

Most of Carillion’s Canadian business, including facilities management at airports, hospitals and defence sites, is to be taken over by the insurer Fairfax Financial Holdings for an undisclosed amount, the Financial Times reported. More than 4,500 of Carillion Canada’s 7,000 employees will transfer to Toronto-based Fairfax, which has agreed to take over its support services functions, both companies announced on Monday.

The former owner of Monarch Airlines will look to buy parts of Carillion after the British construction and outsourcing company collapsed under large debts last month, the Financial Times reported. Greybull Capital will be among the bidders interested in buying parts of Carillion that might be ringfenced following its liquidation as an auction takes shape, people familiar with its plans said.

Capita Plc slumped the most on record after saying it would halt dividend payouts and sell shares to raise capital, triggering further concerns over the state of Britain’s outsourcing sector just two weeks after Carillion Plc collapsed, Bloomberg News reported. London-based Capita, whose customers include the U.K. government as well as firms like Telefonica S.A.’s O2 and retailer Marks & Spencer Group Plc, will seek to raise as much as 700 million pounds ($993.8 million) and plans to sell some non-core assets. The stock fell as much as 46 percent.

Some borrowers with interest-only mortgages may lose their homes as a result of shortfalls in repayment plans, the U.K.’s Financial Conduct Authority warned. The FCA has identified three peaks in interest-only mortgage repayments, the first of which is currently underway, Bloomberg News reported. Defaults are less likely in the present wave of maturities because the homeowners are approaching retirement and have higher incomes. The next two peaks, from 2027 through 2028 and in 2032, are more at risk of shortfalls, the regulator said.

Top executives at Royal Bank of Scotland say they will no longer fight the main conclusions and recommendations of a withering independent review of alleged mistreatment of small business customers by the bank, the Financial Times reported. Sir Howard Davies, the chairman, said during a bruising hearing before MPs on Tuesday that RBS “no longer thinks it is useful to have an argument” with the UK’s Financial Conduct Authority about the review of the bank’s Global Restructuring Group.

The U.K. Financial Reporting Council opened a probe into KPMG LLP’s audits of Carillion Plc, after the builder collapsed under a mountain of debt earlier this month, Bloomberg News reported. The FRC will examine KPMG’s work from 2014 and whether the auditor breached any "ethical and technical standards," the accounting regulator said in a statement Monday. The FRC will also look at how KPMG recognized revenue on significant contracts and its accounting for pensions. Carillion, a U.K.

British construction outsourcing company Carillion Plc attempted to “wriggle out of its obligations” to pensioners for the last decade, according to Parliament’s Work and Pensions Select Committee. The committee chair, Frank Field, condemned Carillion’s inability to perform its pension obligations while “shelling out dividends and handsome pay packets for those at the top,” Reuters reported.