Baroness Mone-linked firm fails to pay £122m over PPE
Summary
A company linked to Baroness Michelle Mone, called PPE Medpro, has not paid back £122 million related to a faulty personal protective equipment (PPE) contract it had with the UK government. The government won a court case against the company, claiming the PPE did not meet health standards, and is now owed over £145 million with interest.Key Facts
- PPE Medpro is linked to Baroness Michelle Mone and was led by her husband, Doug Barrowman.
- The company was awarded a PPE contract by the UK government in 2020.
- A court found some gowns supplied by the company were not sterile as required.
- The firm was ordered to repay £122 million but missed the deadline, accruing interest.
- Health and Social Care Secretary Wes Streeting stated the government seeks to recover the funds.
- The total amount owed is now £145.6 million, including £23.6 million in interest.
- The interest rate applied is 8% per year until the debt is paid.
- PPE Medpro entered administration on September 30, complicating repayment.
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