New office looms for rising star
From our UK edition
It's been a very good year for Serco. The British outsourcing company which runs the Test and Trace service is making some £50 million a month, according to an answer given this week by health minister Jo Churchill. Serco declared in June a 50 per cent jump in profits based off its work on various government contracts. Revenues for the FTSE250 giant are forecast to be £2.2 billion – almost 20 per cent higher than the same period in 2020. The company's links with the Conservative party are well-known – its CEO is Rupert Soames, brother of the legendary Sir Nicholas who sat in the Commons from 1983 until 2019. The current minister of state for health meanwhile is Edward Argar, a former head of public health at Serco.