Skip to main content
Gifts from The Morning Star
‘Privatising health is very important’: Labour's anti-Corbyn candidate before his firm made £17m in tax-free profits
Jeremy Corbyn among nurses from Unite, on the picket line outside St Thomas' Hospital, London, in their continuing dispute over pay, June 27, 2024

LABOUR’S candidate to replace Jeremy Corbyn in Islington North tomorrow has said the privatisation of healthcare is “very, very important” and was until recently director of an investment company for fertility services that made nearly £17 million tax-free profit in nine months.

Praful Nargund was filmed giving a talk in March 2015 saying that “as we are in the run-up to a general election in the UK, privatisation of healthcare is very, very important and it’s about what the private sector can do to prove its worth to the public sector.”

He was that month appointed director of strategy and growth at Create Health Holding Limited, which reported paying no tax on nearly £17m in profit for the last nine months of 2021, its Companies House filings show.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Police officers detain a protester as demonstrators take part in a Lift the Ban on Palestine Action protest organised by Defend our Juries in Parliament Square in London. Picture date: Saturday September 6, 2025
Britain / 23 September 2025
23 September 2025

More than 100 protesters expected to hold signs opposing Palestine Action ban outside the venue in Liverpool

Prime Minister Keir Starmer with the Prime Minister of the Palestinian Authority, Mohammad Mustafa, ahead of a meeting in Number 10 Downing Street, Westminster, April 28, 2025
Palestine / 23 September 2025
23 September 2025
A view of bank notes
Labour Party / 23 September 2025
23 September 2025
The Bank of England in the City of London
Economy / 23 September 2025
23 September 2025
Similar stories
WHAT KIND OF CHANGE? Keir Starmer happy to selfie with membe
Features / 15 February 2025
15 February 2025
Diverting public funding to grow private-sector ‘spare capacity,’ actively undermines the funding and staff available to the NHS and results in a worse service, write JOHN PUNTIS and TONY O’SULLIVAN
GRASSROOTS FOCUS: Jeremy Corbyn’s People’s Forum highlig
Features / 27 September 2024
27 September 2024
Jeremy Corbyn’s first People’s Forum handed leadership over to the grassroots not the greedy, writes LINDA PENTZ GUNTER