Richard Tice

Richard Tice

Reform UK — Boston and Skegness

Speaking in the House of Commons on 22 April 2026

Debate

Pension Schemes

Contribution

I have constituents in Boston and Skegness who have suffered because of the ridiculous and appalling failures of Capita under these two contracts, and they are not the only contracts on which it is failing. To what extent has the Minister looked at the bigger financial picture at Capita? Last year, it earned revenue of almost £1.5 billion from the Government. It has contracts worth over £7 billion, yet it has just disclosed in its results that it has lost over £150 million. It has debts of £140 million, and its market cap is only £350 million. Given how much outsourcing work it does for so many British citizens, to what extent are the Government preparing for plan B in case of a financial crisis at Capita?

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