Tag Archives: Koru Kids

Latest row over Sunak’s wife shows his new declaration of interests is worthless

Akshata Murty and her husband, UK prime minister Rishi Sunak: he has taken extraordinary steps to hide any commercial interests either of them have from the electorate. We must therefore conclude that he may be dishonestly using his position to funnel public money into his bank accounts and hers.

The row over whether Rishi Sunak’s wife benefited from the work that went into an ’emergency alert’ test affecting mobile phones on Sunday (April 23) shows one thing: the public do not believe the prime minister’s latest declaration of interests.

Sunak published a new register of MPs’ financial interests last week, in response to anger over his failure to declare that a company part-owned by Akshata Murty will benefit from a new policy to attract people into child-minding.

It doesn’t include significant details, either of his own personal financial investments or his wife’s.

Some of us have drawn the obvious conclusion: that Sunak thinks he and his wife are above such declarations – even though he takes public money, the same as the lowliest Universal Credit claimant.

And UC claimants have to declare their partners’ financial interests:

He didn’t even bother to turn up to an Urgent Question demanding a statement on his entry in the register, on the day the stink over alleged interest in the “emergency alert” broke out across the social media:

Instead, one of his lieutenants piped up to say it’s unreasonable to demand of the prime minister what his government demands of every benefit claimant. This confirms that Sunak thinks he’s better than the rest of us and doesn’t need to give an account of himself.

Apparently Sunak’s entry on the register includes his local rotary club, brass band and community pub but not any business interests owned by him or his wife.

The Byline Times article states:

A spokesperson for Sunak insisted that only such declarations judged to be “relevant” had been added to the list.

This means that while, according to Sunak, the fact the he is a patron of his local brass band is judged to be a “relevant” interest relating to his role as Prime Minister, the fact that his wife is now set to potentially massively financially benefit from a Government policy, is not.

Also not included in the new register are any of the Prime Minister’s own personal financial interests, save from the fact that they are now contained within what Downing Street refer to as a “blind management trust”.

This arrangement is ostensibly designed to prevent the Prime Minister from personally being involved in any future investment decisions that may be affected by his own policies.

However, by placing his existing investments within this “blind” arrangement, the public are prevented from ever knowing which Government policies are directly enriching the Prime Minister and his family.

It is hard to think of a reasonable justification for this continued refusal to be fully open about his own financial interests and those of his wife.

It is clear that Rishi Sunak is doing everything he can to prevent the rest of us from knowing how many commercial pies he and his wife have stuck their grubby fingers into.

It is dishonesty at the top level of government. No wonder he is currently being investigated over whether he has approved a policy that funnels money to a company part-owned by his wife. Other government contracts with companies owned by her should also be investigated.

The dishonesty implied by any investigation is exactly the opposite of what Sunak himself promised when he became prime minister.

By his own standards, he does not deserve to remain in office. There’s a local election next week in England and Northern Ireland; I hope voters there use it to drive that point home.


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Murty’s meltdown? Firm connected to PM’s wife loses millions

Akshata Murty and her husband, UK prime minister Rishi Sunak: has she been using her connection with a leading UK politician to gain advantages for her firms? Is she now losing support after Sunak fell under investigation for a possible conflict of interest? Or is it all just coincidental?

A firm connected to Rishi Sunak’s wife Akshata Murty has lost a fortune on the stock exchange.

The losses are being reported on the day an investigation was launched into whether Sunak failed to correctly report a conflict of interest; Ms Murty is a shareholder in a firm that will profit from a Budget incentive to recruit childminders.

It seems another of her investments that made the headlines because of government policy has taken a major loss on the stock market.

Remember Infosys, the company that carried on trading in Russia after the government sanctioned such firms?

Infosys claimed in April last year that it was closing its office in Russia – providing a lucky escape for the then-Chancellor, who had refused to take any action about the company’s continued commercial interest in a country that the UK should have been shunning.

Then – exactly a month ago – we discovered that Infosys was still operating in Russia, eight months after it said it would withdraw, and had been given a £1.8 million government contract in spite of this.

Now:

So her shares, which were worth £400 million this morning, are now worth £351 million – in a company for which, like Koru Kids, Sunak broke – or at least seriously bent – government rules.

Had she been using her connection with a leading UK politician to gain advantages for her firms? Is she now losing support after Sunak fell under investigation for a possible conflict of interest?

Or is it a coincidence? It will be interesting to find out.


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Rishi Sunak investigated by standards commissioner over childcare conflict of interest

Partners in (the) climb: Akshata Murty and her husband, UK prime minister Rishi Sunak.

UK prime minister Rishi Sunak is facing investigation over whether he properly declared his wife’s interest in a childcare agency that may benefit from a new policy announced in the spring Budget.

Sunak’s wife Akshata Murty is listed as a shareholder in Koru Kids, a childcare agency that is likely to benefit from a pilot scheme offered by Jeremy Hunt to incentivise people to become childminders, with £1,200 offered to those who train to become one through an agency.

It is believed that he is being investigated over whether a declaration of interest in this organisation was “open and frank”, under rules set out by the commissioner for standards.

This Site has discussed the situation previously, here. It seems the authorities got around the question of Sunak having to grant permission to be investigated by the independent adviser on ministerial interests (Laurie Magnus) by handing it to the standards commissioner (Daniel Greenberg).

This Writer doubts the investigation will lead to any great censure of Sunak.

The initiative to encourage people to become childminders may very well benefit children and carers alike – because it is calculated to bring more people into the job market, which is what the Tories want.

Ms Murty is not the only business boss who will benefit from it, and indeed Koru Kids is not her only business interest, so it can hardly be argued that the policy was introduced purely as a money-spinner for the prime minister and his family.

Still, he did fail to declare his interest to the Commons Liaison committee when asked, and not only should he be made to apologise and correct the record, but he should also take steps to ensure that every other government minister knows they have an obligation to list their own interests correctly, at appropriate times.

But what will happen next? Keep watching this space…


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Rishi Sunak in possible conflict of interest over childcare policy

Akshata Murty and her husband, UK prime minister Rishi Sunak: they’ve been called into question before, over a firm in which she has shares, that has been operating in Russia.

What’s going on here? Did Rishi Sunak know he had a conflict of interest over childcare policy – and not care – or did he really not realise that the policy related to him?

Here’s The Guardian:

Rishi Sunak is facing questions over a potential conflict of interest after it emerged a childcare firm part owned by his wife is to benefit from major changes in the budget.

The prime minister’s wife, Akshata Murty, is listed as a shareholder in Koru Kids, a childcare agency. Koru Kids is likely to benefit from a pilot scheme offered by Jeremy Hunt to incentivise people to become childminders, with £1,200 offered to those who train to become one through an agency.

Sunak did not mention his wife’s interest when speaking about the childcare changes at his appearance before the liaison committee on Tuesday. He was asked by the Labour MP Catherine McKinnell whether he had anything to declare. “No, all my disclosures are declared in the normal way,” he told McKinnell.

It is understood the Cabinet Office was told about Murty’s interest in Koru Kids previously but it was not deemed necessary to appear on the public register of ministerial interests, which was last updated in June 2022.

The register states that Sunak’s wife owns a venture capital investment company, Catamaran Ventures UK Ltd, without going into detail of any of its shareholdings.

It seems clear that Sunak’s family has a financial interest in Koru Kids, which has benefited from a recent change in government policy.

According to the Ministerial Code, members of the government must ensure that “no conflict arises, or could reasonably be perceived to arise, between their public duties and their private interests, financial or otherwise”.

The Liberal Democrats have written to Sir Laurie Magnus, the independent adviser on ministerial interests, asking him to investigate whether the Code has been broken.

But he cannot open any investigations without the permission of the prime minister – who is Rishi Sunak himself.

You see the problem?

Sunak is saying he hasn’t done anything wrong. But he’s not an impartial judge and this case needs somebody with no interest to judge it.

But Sunak can block that.

So what’s to be done?

Watch this space…

Source: Rishi Sunak’s childcare policy risks conflict of interest with wife’s firm | Rishi Sunak | The Guardian


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