TIMES.KY

Cayman Islands, Caribbeanand International News
Saturday, Jun 22, 2024

Rishi Sunak's wife holds shares in childcare firm given Budget boost

Rishi Sunak's wife holds shares in childcare firm given Budget boost

Rishi Sunak is facing questions over shares his wife holds in a childcare agency that could benefit from a new policy unveiled in the Budget.

The Chancellor announced a pilot of payments for new childminders with more for those who sign through agencies.

Akshata Murty was listed as a shareholder in one of those agencies, Koru Kids, as recently as 6 March.

The prime minister's press secretary said all Mr Sunak's interests "have been declared in the usual way".

Ministers are expected to provide a written list of all financial interests that might "give rise to a conflict".

Mr Sunak mentions Ms Murthy's venture capital company, Catamaran Ventures, in his list of ministerial interests, but does not mention Koru Kids.

The PM also did not mention Ms Murthy's links to Koru Kids when he was questioned by MPs over the policy at a parliamentary committee hearing on Tuesday.

Labour MP Catherine McKinnell asked Mr Sunak whether he had any interest to declare, and in reply he said: "No, all my disclosures are declared in the normal way."

The Liberal Democrats say there are "are serious questions for Rishi Sunak to answer" about "any extra income his family could receive from his own government's policy", and have urged the government's ethics adviser, Sir Laurie Magnus, to investigate Mr Sunak over a potential breach of ministerial rules.

Labour's deputy leader Angela Rayner said Mr Sunak must explain why his wife's shareholding "was not deemed necessary to publish in the register of members' interests"."He must urgently correct the record and set out what steps he took to avoid an actual or perceived conflict of interest," Ms Rayner said.

When asked about Ms Murty's shareholding - which was reported by the i newspaper - Mr Sunak's press secretary told reporters the details of Ms Murthy's holding in the agency were not in the public domain, but indicated they would be included in the updated statement of ministers' interests, due out in May.

"The ministerial code sets out a process by which ministers declare their interests. They do that in writing, in this case to the Cabinet Secretary. That process was followed to the letter by the prime minister," the press secretary said.

Declarations to the Cabinet Office are not immediately available to MPs or others to see.

Pressed that MPs are usually expected to draw attention to an interest they have declared if questioned about it in a committee, Mr Sunak's press secretary said "there was not a specific interest that was put to him".

The BBC has sought to ask both the company and Ms Murthy for comment.


New incentives


The pilot of bonuses for childminders was announced in the Budget on 15 March as part of the government's overhaul of childcare.

Mr Hunt said the government would be "piloting incentive payments of £600 for childminders who sign up to the profession, rising to £1,200 for those who join through an agency".

The pilot could drive up the number of childminders entering the profession and generate more business for companies such as Koru Kids.

Koru Kids is listed as one of six childminder agencies on the government's website.

On its website, Koru Kids welcomed the government's reforms and said "the new incentives open to childminders are great".

The website says new childminders would get a bonus of £1,200 if they "come through an agency like Koru Kids who offer community, training and ongoing support".

Newsletter

Related Articles

TIMES.KY
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×