Security group G4S has apparently paid the price for the London Olympics staffing fiasco that embarrassed Britain's government, missing out on contracts to run prisons.
Not only did it fail to win any new contracts in the biggest round of prison privatisation in England and Wales so far, but it has also lost its contract to run Britain's first private prison
The Ministry of Justice (MoJ) said the management of the Wolds prison in east Yorkshire would return to the public sector next July.
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In addition, it is also out of the running in a further two contracts to run five other jails that are going to be privatised by the government under the direction of new justice secretary, Chris Grayling.
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