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Page 94: The Private Eye Podcast

65: Profits Of Doom

Page 94: The Private Eye Podcast

Page 94: The Private Eye Podcast

News

4.61.6K Ratings

🗓️ 13 October 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

Episode 65. Richard Brooks and Solomon Hughes cover both ends of the Covid wealth gap - from the companies making mega-millions out of lazy procurement processes all the way to the workers having their wages levelled down rather than up. Free major government contract with every download!

Transcript

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0:00.0

Page 94, the Private Eye podcast.

0:03.0

Hello and welcome to another episode of Page 94.

0:05.7

My name is Andrew Hunter Murray and this week we are looking at the big winners of COVID.

0:10.9

I am going to be speaking to Richard Brooks who's been writing the profits of doom

0:16.0

pieces in the magazine over the last several issues all about the companies whose profits have

0:20.7

suddenly mushroomed extraordinarily over the last 18 months due to one calls principally

0:26.2

and that is sloppiness in working out how you're actually going to pay the people

0:30.0

and desperation from the government who needed to throw money at something very quickly

0:33.9

in order to secure tests and PPE.

0:36.3

He's going to be taking us through exactly how that procurement process has been done and bungled

0:40.6

and later on we will also be speaking to Solomon Hughes who is going to be at the other end of

0:45.3

the COVID supply chain. Solomon has been writing about the MUC fraud. MUC stands for Mini Umbrella

0:52.0

Companies. It's a fascinating way that firms have been manipulating official and proper

0:57.2

loopholes in order to make a bit of money on the side and it's the workers themselves at these

1:02.0

firms who spotted it and got in touch with the eye about it. But first, profits of doom.

1:08.0

Richard Brooks has been writing about a lot of the companies which have been making enormous

1:12.6

amounts of money over the last 18 months whether that through PPE providing test and tray services,

1:18.3

various other things associated with COVID-19 and these companies have seen their profits rise

1:24.0

enormously exponentially in some cases which has led to a lot of questions about whether the money,

1:29.2

almost all of which has come obviously from the government has been spent in a reasonable

1:33.7

or a cost effective way. I started off by asking Richard what made him look at this in the first

1:38.2

place. Here he is. When companies that have been winning all these PPE contracts started

...

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