A company associated with Baroness Michelle Mone has entered administration with a £39 million debt to the tax authorities. Additionally, PPE Medpro owes £148 million to the Department of Health following a legal dispute over non-sterile gowns. There are speculations that Labour’s Rachel Reeves may reconsider the party’s pledge not to increase taxes for ordinary citizens.
Amidst calls for Baroness Mone to lose her title from individuals who lost family members during the pandemic, HMRC states that PPE Medpro owes them over £39 million. The Covid-19 Bereaved Families for Justice UK spokesperson emphasized the need for accountability, urging the government to recover public funds and take action against those responsible.
Baroness Mone and her spouse reside in the Isle of Man and have reportedly made £65 million in profits from PPE contracts totaling £202 million. The company went into administration before a significant court ruling, potentially owing up to £190 million to taxpayers.
The reason behind HMRC’s claim of £39 million from PPE Medpro remains unclear. The appointed administrators anticipate further claims. PPE Medpro also owes the Department of Health and Social Care £148 million, with limited remaining assets.
The company argued during the trial that it was unfairly targeted and criticized the government for rejecting potential settlements. An ongoing investigation by the National Crime Agency is looking into suspected criminal activities related to PPE contracts.
Documents reveal that a company linked to Baroness Mone’s husband is expected to be fully repaid as a secured creditor. The involvement of various parties and financial intricacies are under scrutiny by tax experts and regulatory authorities.