Petition Windfall tax on excess asylum-accommodation profits
Introduce a windfall tax on excess profits from asylum-accommodation contracts: tax any margin above normal hotel levels on progressive bands (like income tax), publish benchmarks, cap margins in future contracts, and return proceeds to taxpayers and local services.
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Public money must deliver value, not windfalls. In my constituency, the operator of a former hotel used for asylum accommodation made £11.7m pre-tax profit on £18.8m revenue over two years—a 62% margin. Those figures come from Companies House filings. That is a scandalous waste of taxpayer funds. A windfall tax would deter profiteering, fund local services, and restore trust while ensuring dignified accommodation.
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