"The National Audit Office reported that three quarters of asylum accommodation funding is now directed towards hotels, which are more expensive than community housing."
"Clearsprings and Mears confirmed in a parliamentary committee that they would return excess profits to the Home Office, with total profits reported at £383 million since 2019."
Clearsprings, Mears, and Serco, companies managing asylum seeker housing, are returning excess profits back to the Home Office. Recent reports reveal they collectively earned £383m since 2019 as costs for housing asylum seekers soared, with a significant shift towards hotel accommodations. While Clearsprings and Mears have committed to repaying profits exceeding 5%, Serco claims it hasn't made enough profit for repayment. The ongoing audit by the Home Office remains a key hurdle for the companies to finalize their repayments, as the demand for hotel housing continues, impacting overall public finances.
Read at www.bbc.com
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