They are paid £3,500,000 a day to accommodate arrivals in the UK and recently won a decade-long contract.
Graham King, from Essex, made the Sunday Times Rich List this year A businessman behind a company that provides asylum hotels has been accused of paying millions of pounds into an apparent offshore account. An analysis of financial records for Clearpsrings Management Limited has uncovered £16million worth of payments to ‘Bespoke Strategy Solutions Ltd’. The ‘consultancy’ firm is partly owned by Clearsprings’ founder and director Graham King, an entrepreneur from Canvey Island in Essex.
However, accounts show King earned £1,600,000 between 2004 and 2008. In 2015, the tycoon’s salary was £960,000. He has also earned £1,100,000 in dividends from the firm since 2010, including a £680,000 payout in 2015. HMRC has been urged to investigate the payments. Green Party peer Natalie Bennett said King was a ‘casebook example’ of privatisation allowing public money to be ‘siphoned off into private profit’.
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