British asylum housing tycoon breaks into Sunday Times rich list

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Graham King, whose firm is paid £3.5m a day to accommodate arrivals in the UK, listed among country’s 350 richest people

Graham King, whose firm is paid £3.5m a day to accommodate arrivals in the UK, listed among country’s 350 richest peopleAn Essex businessman who won government contracts paying his company £3.5m a day for transporting and accommodating asylum seekers has been named among the 350 richest people in the UK.

Priya Sahni-Nicholas, a co-executive director of the Equality Trust, a charity that campaigns for the creation of a fairer society, said the list “demonstrates the obscene extent of inequality” in the UK. Luke Hildyard, the executive director of the High Pay Centre, a thinktank focused on pay, corporate governance and responsible business, said: “The rich list always prompts intense interest in billionaire rivalry over who’s up and who’s down, but as a society we should also ask whether this represents a fair, proportionate or efficient allocation of resources.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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