Rishi Sunak urged to reveal links to firm with £380m stake in US coronavirus jab maker
James Murray, Shadow Financial Secretary to the Treasury, has urged Rishi Sunak to reveal any links to Moderna (Image: Getty)
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Labour has demanded to know if Rishi Sunak still has links to a firm with a £380million stake in US Covid-19 vaccine maker Moderna.
The Chancellor was a founder of investment firm Theleme Partners before leaving for politics in 2013.
Theleme gained after Moderna’s value soared from £4.7billion to £32bn due to its vaccine success.
The Government bought five million doses of its jab this month. Mr Sunak’s investments are in a “blind trust”, which protects against conflicts of interest as he himself does not know what he is invested in.
Vials of the Covid-19 vaccine with a Moderna logo
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James Murray, Shadow Financial Secretary to the Treasury, urged Mr Sunak to reveal any links to Moderna, saying: “If [he] has nothing to hide, he should come clean.”
The Cabinet Office has said it was satisfied with what Mr Sunak put in the register of financial interests.
US biotech firm Moderna has announced a vaccine against Covid-19 that will be nearly 95% effective
Meanwhile, it emerged Mr Sunak’s wife Akshata Murty, who has £430million of shares in family business Infosys, is richer than the Queen, worth £350million, according to the Sunday Times Rich List.
The Moderna row comes amid questions after Infosys won Government contracts worth £22million.