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The Guardian - UK

World

EXPLAINED: We need a public inquiry into profiteering on ppe | Rare Historical Photos

PPE Michelle Mone PPE Medpro Lady Mone Covid-19

Michelle Mone on Good Morning Britain in 2019 — The Conservative peer Michelle Mone. Photograph: Ken McKay/ITV/Rex/Shutterstock

The PPE procurement scandal runs deep. The information now emerging about Lady Mone needs to be met with a public inquiry )(Revealed: Tory peer Michelle Mone secretly received £29m from ‘VIP lane’ PPE firm, 23 November. There are several questions that this raises:

First, why weren’t all PPE contracts awarded on a full-cost-plus-margin basis? The profiteering percentages on all these deals are frankly mind-boggling. Where can anyone earn 30% margins on a simple procurement contract in the real world? You can’t, is the answer.

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