Government Contracts: Randox Laboratories
Debate between Nick Smith and Maggie Throup(2 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Maggie Throup
I reassure the House that I did read the documents before they were laid in the Library.
Nick Smith (Blaenau Gwent) (Lab)
Randox cashed in on covid contracts; its profits jumped from £12 million to £50 million, and as the money rolled in the company was re-registered in the Isle of Man. Does the Minister think that tax on UK covid contracts should be paid in the UK?
Maggie Throup
That is really for the Treasury to look at, but I come back again to the fact that Randox was an established company in diagnostic testing and that at the time we looked at which businesses could deliver our testing requirements. I am delighted that since then we have built up our own additional testing structure; in fact, later today I will be visiting the Rosalind Franklin Laboratory in Leamington Spa to see the amazing testing work that we have set up there under the UK Health Security Agency.