Yusuf blasts asylum firms raking in fortunes as costs triple

Zia Yusuf has torn into private contractors pocketing vast sums from illegal immigration, warning the annual cost of housing each illegal migrant has rocketed from £17,000 to £41,000 in just four years.

Posting on X, the Reform UK shadow home secretary said big companies are making insane profits while ten-year contracts the Conservatives signed in 2019 are now expected to cost three times the original estimate. Providers’ profits have gone through the roof, he stated, with Serco set to make nearly £400 million from their deals.

Yusuf pointed to Graham King, founder of Clearsprings and dubbed the Asylum King, whose net worth jumped 35 per cent last year, making him a billionaire. The same Clearsprings, he noted, offered a Southwark landlord double the going rate to push out a British family and house asylum seekers instead.

And still, Yusuf warned, Labour is planning to renew asylum contracts as far ahead as 2039. “This is a racket. Reform will end it. We will send every illegal migrant packing, and shut this sick industry down for good.”

Britain cannot keep writing blank cheques to firms that thrive on chaos at the border. Taxpayers are funding a permanent industry that rewards failure, not control. Sovereignty means deciding who stays and ending the gravy train that grows every time the boats keep coming.

Home Affairs Committee evidence backs the sharp rise in per-person accommodation costs from around £17,000 in 2020 to £41,000 in 2024. The 2019 Asylum Accommodation and Support Contracts were first put at £4.5 billion over ten years; parliamentary and National Audit Office figures now put the forecast near £15.3 billion, more than triple, driven by hotels and surging demand.

Clearsprings Ready Homes, Serco and Mears have together banked roughly £383 million in profits since 2019. King’s firm has paid hefty dividends while his place on the Sunday Times Rich List confirmed billionaire status. Recent reports showed Clearsprings offering a Southwark landlord about £4,500 a month—double the council rate—for a three-bed flat, covering bills and maintenance, an offer the landlord refused rather than displace local families.

Contracts run deep into the next decade

Those Tory-era deals run to 2029. Labour has signalled possible extensions or fresh renewals into the 2030s even while talking about cutting hotel use. Profit margins sit under contractual caps of roughly five to seven per cent with some share returned to the Home Office, yet absolute profits have ballooned because volumes and expensive hotel placements keep climbing.

Yusuf’s intervention lands as Reform UK hammers the point that only mass removals and an end to the private asylum estate will stop the haemorrhage. The party’s line is clear: every illegal migrant goes home and the industry that feeds on the crisis is closed. Labour’s readiness to lock in contracts years ahead only underlines how little urgency exists inside government to break the cycle.

The numbers are no longer abstract. Families priced out of their own streets, councils squeezed, and contractors counting hundreds of millions while the Channel route stays open. Yusuf has put the racket on the record and Reform has drawn the line. Britain either takes back control of its borders and its budget, or it keeps paying the bill for failure.

Read more: Calais Charity Helped Adult Migrants Pose as Children

Big companies are making insane profits from illegal immigration

The annual cost of accommodation per illegal rose from £17,000 to £41,000 in just 4 years.

Ten-year contracts the Tories signed in 2019 are expected to cost 3x the initial estimate.

Meanwhile, providers' profits…

— Zia Yusuf (@ZiaYusufUK) October 23, 2026

Original source: Zia Yusuf (@ZiaYusufUK)