Graham King, the CEO of Clearsprings Ready Homes, has drawn significant criticism as his company earns an astonishing £48 million a day from taxpayer funds to provide accommodation for asylum seekers. Amidst this windfall, King has been noted for his lavish lifestyle, including stays at luxury hotels like the five-star Sina Brufani Palace in Italy, despite lodging complaints about the accommodations he received during his travels.
With a reported £17 billion turnover, Clearsprings operates under two lucrative Home Office contracts funded by the foreign aid budget. This growth comes at a time when many businesses are struggling, and the asylum housing sector proves exceptionally profitable. However, numerous reports highlight poor conditions at the properties managed by King’s company, including infestations and inadequate facilities, contrasting sharply with his own experiences of wealth.
King’s personal life includes his glamorous 39-year-old partner, Lolita Lace, whom he met during his travels. Their lifestyle is closely documented on social media, showcasing high-end dining and travels, raising questions about the ethics of profiting from government contracts meant to assist vulnerable populations. Even as criticisms mount surrounding his company’s practices, the financial benefits for King continue to grow.
