Ever wondered why the Tory government seems to just sit by and allowed hordes of illegal migrants to enter the UK?
Serco, Mears win £2.9 billion refugee housing contracts in Britain.
Valued at 1.9 billion pounds for Serco and 1 billion pounds for Mears, the 10-year contracts were awarded by Britain’s Home Office Visas and Immigration department under the Asylum Accommodation and Support Services Contract (AASC).
Shares in Serco were up 6.5 percent at 108.8 pence at 1253 GMT on Tuesday, while Mears rose 6.2 percent to 360 pence on news of the new contracts, which sources told Reuters last month had attracted few private sector bids.
The British government is awarding contracts worth a total of 4 billion pounds to house asylum seekers, the sources said, but last year’s collapse of Carillion has dampened appetite for riskier projects.