Government Contracts: Randox Laboratories

Debate between Nick Smith and Maggie Throup

Thursday 10th February 2022 Commons Chamber

[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.