The Bibby Stockholm barge, housing asylum seekers, reported a pre-tax profit of £167,035 in 2023, down from £421,701 in 2022, despite increased turnover.
The Home Office will not renew the contract for the Bibby Stockholm barge beyond January 2025, citing over £20 million costs for its extension, seeking savings of £7.7 billion.
Dame Angela Eagle stated the government's aim: to restore order to the asylum system, ensuring enforceable rules and a streamlined process, promising better management of asylum cases.
Originally built in 1976 and converted into an accommodation barge in 1992, the Bibby Stockholm contributes to the UK’s approach to housing migrants at lower costs.
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