Exclusive

Rishi Sunak's wife's firm Infosys received 50% boost in public sector invoices in 2023

12 February 2024, 11:49 | Updated: 12 February 2024, 12:56

LBC has exclusively learned that Indian tech giant Infosys, which is owned by Rishi Sunak’s wife, received a near-50% increase in public sector invoices last year
LBC has exclusively learned that Indian tech giant Infosys, which is owned by Rishi Sunak’s wife, received a near-50% increase in public sector invoices last year. Picture: Alamy
Henry Riley

By Henry Riley

LBC has exclusively learned that Indian tech giant Infosys, in which Rishi Sunak's wife is a shareholder, received a near-50% increase in public sector invoices last year – representing the best-ever year for the firm.

Listen to this article

Loading audio...

Based on open procurement information analysed by data provider Tussell, LBC can reveal that Akshata Murty's company received £7 million in public sector invoices last year up from £4.7 million in 2022.

The £7.029 million total in public sector invoices includes over £250,000 from the Government Property Agency (GPA), as well as a similar amount from the Care Quality Commission (£270,000) – whilst the London Borough of Brent totalled over £2 million in invoices with Infosys.

Within these invoices, Infosys were given contracts for “Information Communication Technology” (£1.5 million), “Consultant fees” (£1.1 million) as well as “IT Consultancy” (£868,000) across various levels of government.

Public sector invoices show the actual amount spent with a company over a certain period of time.

Read more: Rishi Sunak earned £2.2m last year, according to tax records

Read more: Hard work should be rewarded with tax cuts, says Rishi Sunak as he vows to fight back against Tory rebels

Notably, the figures demonstrate at a time of unprecedented stress on council finances, where central government grants to local authorities fell by 40% in real terms between 2009-10 and 2019-20, local government spending on Infosys’s services has risen by 40% in just one year.

LBC can also reveal that in addition to these regular contract wins, the company has also won spots on a number of frameworks in recent years.

Whilst this offers no guarantee of work, it can “give the company an edge in winning contracts in the future” according to Tussell.

Towards the end of 2023, Infosys was one of 28 companies that won a place on the NHS Shared Business Services’ £250 million ‘Intelligence Automation’ Framework, whilst it was also one of 62 companies which won a place on the Financial Conduct Authority’s £563 million ‘Digital Services Framework Agreement’.

The government has also published contracts worth a total of £44 million to the company in 2022, meaning this trend of earnings is set to continue.

One contract published in 2022 was a £7.45 million Infrastructure Testing project with the Home Office, whilst others showed Infosys had contracts over £5.5 million.

In response, Labour’s Jonathan Ashworth told LBC “taxpayers will want to have serious questions answered as to how this firm, with its close links to Rishi Sunak directly, appears to be cashing in”.

Mr Ashworth, who is the Shadow Paymaster General, added “it’s high time we had a full explanation as to all the circumstances as to how this firm has been awarded these lucrative contracts. This is about taxpayers money”

In total between 2012 and 2023 Infosys has been awarded government contracts worth over £100 million.

The Prime Minister has regularly faced scrutiny over the government's relationship with Infosys, in which his wife Akshata Murty currently has a 0.91% stake which was previously valued at £500 million.

It was also revealed that Mrs Murty received dividends of £13 million in the last financial year.

In response a Cabinet Office spokesperson said: "All contracts are awarded following an open and fair process, and decisions are rigorously scrutinised”

"Ministers do not take part in the evaluation or selection of winning bidders."

A source within the government also pointed out that Ministers are asked to declare their relevant interests and that steps are then taken to ensure there is no conflict of interest.

More Latest News

See more More Latest News

Damage can be seen to a front window law enforcement officers work the scene of a shooting at the Mad Butcher grocery store in Fordyce, Ark

Three killed and 10 injured in shooting at supermarket in Arkansas

Jay Slater had travelled to the Canary Islands for a music festival

Spanish police reject help from Lancashire Constabulary as desperate search for missing Brit Jay Slater continues

Kemi Badenoch has warned that Labour will reverse Brexit

Keir Starmer will 'reverse Brexit' if Labour wins election, Kemi Badenoch warns

Jay Slater had travelled to the Canary Islands for a music festival

Owner of flat where missing Brit Jay Slater was staying in Tenerife spotted him 'walking fast' up dangerous ravine

Labour is said to be drafting options for wealth taxes

Labour 'draws up plans for wealth taxes' in bid to 'unlock' funds for public services

Nigel Farage said that the West had provoked Putin into invading Ukraine

'We gave Putin an excuse': Nigel Farage says the West provoked Russia into invading Ukraine

Just Stop Oil plans major disruption to summer holidays with private jet stunt just the start

Two charged after Just Stop Oil protesters sprayed private jets with orange paint at Stansted Airport

Prime Minister Rishi Sunak

Tories raise less than £300k in second week of election campaign, as over three-quarters of all donations go to Labour

File photo of passengers boarding an Easyjet plane

Chaos as Easyjet kicks 26 men off flight headed from the UK to Portugal for 'disruptive behaviour'

Bardia Shojeifard

'Outwardly normal' teen killer with 'worrying interest in knives' posed with huge blade before murdering Alfie Lewis, 15

Police were called to a property at Shorncliffe Road shortly after 3pm on Sunday

Pictured: Baby girl mauled to death in Coventry dog attack at family home

Public schoolboy guilty of attempted murder after vicious clawhammer attack on sleeping staff and students ahead of 'zombie apocalypse'

Public schoolboy obsessed by 'zombie apocalypse' guilty of claw hammer attack on sleeping staff and students

PC Idominik Efeotor raised the issue at the annual State of London debate

'The people who investigate the officers are the problem’: Black Met officer hits out at disproportionate treatment in disciplinary process

Salisbury Novichok victim Dawn Sturgess

Former spy and daughter may give evidence at Salisbury poisonings inquiry

Rishi Sunak has urged voters not to let Labour 'waltz into office'

'Don't let Labour waltz into office', Sunak tells voters as Brits may not 'ever' be able to get them out of power

Exclusive
Starmer says eco mob 'needs to feel the full force of the law' as he slams 'pathetic' Just Stop Oil

Starmer says 'pathetic' eco mob 'needs to feel the full force of the law' as two charged for private jet stunt