Friday 16 October 2020 / 11:21 AM Coronavirus

Serco to exceed profit expectations – Rachel Reeves responds

Rachel Reeves MP, Labour’s Shadow Chancellor of the Duchy of Lancaster, responding to the announcement that outsourcing giant Serco expects profits to exceed expectations in 2020 as a result of the uptick in work since the global pandemic, said:

“This is grim beyond belief. While Serco is raking in the profits, people are paying the price for its failure.

“If the Government can’t bear to curb its obsession with pouring money into big companies over our local public health teams, it surely can see that this wasteful approach lacks basic common sense and isn’t reducing the transmission of the virus.

“It is time to sack Serco and bring in a short circuit breaker, so we can fix test and trace, protect the NHS and get control of the virus.”