• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Politics

Tories have squandered eye-watering £100 billion of taxpayer cash in four years – report

A report has detailed the “crony contracts”, “duff deals” and “outrageous outgoings” that have happened on Rishi Sunak's watch.

Jack Peat by Jack Peat
2023-11-22 09:07
in Politics
FacebookTwitterLinkedinEmailWhatsapp

The Conservatives have squandered £100 billion of taxpayer’s cash in four years, a brutal report released ahead of the autumn statement has revealed.

Campaign group Best of Britain has compiled a round-up of “crony contracts”, “duff deals” and “outrageous outgoings” to arrive at the eye-watering sum, which dwarfs the GDP of Bulgaria, Croatia and Uruguay.

Coming in at an average of £25 billion a year, almost all of the cash has been blown during the time Rishi Sunak has either been chancellor or prime minister.

It includes the 140 million thrown away on the Rwanda asylum deal, which was ruled unlawful by the Supreme Court last week, and money spent on the doomed HS2 project, which has been significantly scaled back.

Commenting on the report, Best of Britain chief executive Naomi Smith said: “The notion the Tories are safe with money has been blown out of the water. It’s disgraceful the Government continues to squander public money while so many struggle to feed their families and heat their homes.”

Unsurprisingly, the Covid-19 pandemic is the source of huge financial wastage.

Just under £15 billion vanished on unused or unusable PPE, storing it and ending contracts – and up to £10,000 of furlough cash went to Koru Kids, a childcare firm in which the PM’s wife, Akshata Murty, has shares.

Spending also includes £35.2 million of contracts won by Centerprise International, whose board includes Michael Keegan, husband of then-health minister Gillian. The Government said he had no role in the decision.

Labour’s Darren Jones said: “ Rishi Sunak is wasting taxpayer cash while services crumble.” And Smith added: “This fiscally inept and morally bankrupt Government must go.”

RelatedPosts

White House ridiculed after posting ’embarrassing’ Superman Trump pic

Keir Starmer takes savage swipe at Farage as migrant return deal reached with France

Reform’s membership ‘falls by almost 10,000 in a month’

Putin’s ice-cold response to Trump threat to ‘bomb the sh*t out of Moscow’

The Government said: “We are keeping spending under control and rooting out waste. This includes accelerating productivity reforms and creating an independent body to stamp out public sector fraud.”

Related: Government asylum plans a ‘betrayal’ of national interest – Davey

Tags: headlineRishi Sunak

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Laurence Fox libel trial to begin with people he referred to as paedophiles ← Outrage over Cliff Richard’s shameful body-shaming comments
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->