Cabinet officer Nick Thomas-Symonds said Capita’s pension scheme contract was a ‘prime candidate’ to be brought back under Government management.

Cabinet officer Nick Thomas-Symonds said Capita’s pension scheme contract was a ‘prime candidate’ to be brought back under Government management.

Cabinet officer Nick Thomas-Symonds pledged to recover 'every single penny' from Capita

MPs questioned whether the firm sees the Government as a ‘cash cow to be milked to the point of dropping exhaustion’.

The outsourcing giant expects underlying operating profits to be knocked by between £25 million and £40 million from the contract issues.

Capita's shares plummeted by 18 per cent on Wednesday

After CEO promised 'flagship use-case' for AI, retired scheme members still struggling to make ends meet, MPs hear