Labour says there is an emerging “pattern of behaviour” after a company partially owned by the prime minister’s wife was revealed to have received taxpayer cash.

It comes after it was revealed that Akshata Murty held shares in a childcare company which stands to benefit from policy announced in the budget.

Ms Murty, who is the daughter of an Indian billionaire and was independently wealthy before marrying Rishi Sunak, controls an investment company called Catamaran Ventures Ltd.

As first reported by The Times, Catamaran has a stake in Study Hall – an education/technology start-up.

NHS ‘on the brink’ says nursing union – Politics latest

In 2022, Study Hall received a £349,976 government grant through a body called Innovate UK, which is at an arm’s length from the national administration and helps companies developing new products or services.

Sir Keir Starmer was speaking from Blackpool as he campaigned ahead of Thursday’s local elections.

Rishi Sunak will not use Welsh name for Brecon Beacons

Brexit: Just 800 of estimated 4,000 EU laws to be scrapped by year’s end, MPs told by minister

Rishi Sunak: Parliamentary standards watchdog extends investigation into PM over second possible breach

He said: “I think there are questions to answer in relation to this, there seems to be an emerging pattern of behaviour here, so I think the sooner those questions are answered the better.”

Study Hall was founded by Sofia Fenichell, who previously ran a company called Mrs Wordsmith which collapsed in 2021 after also receiving state support, The Times reports.

The money given to the current venture covers the period between August 2022 and August 2023 – and so the bid would have been made before Rishi Sunak became prime minister, but likely while he was chancellor.

Read more:
Why is Rishi Sunak being investigated over wife’s shares?
PM investigated over possible failure to declare wife’s shareholding in childcare firm

According to Companies House, Ms Murty’s Catamaran Ventures holds 2,474 shares in Study Hall.

Decisions on what Innovate UK will invest in are made up by a panel of funders.

There is no suggestion of Ms Murty doing anything wrong, and she owns stakes in numerous companies – but this will likely increase calls for more transparency about her and her husband’s money and business interests.

A Cabinet Office spokesperson said: “All declarations have been made, and due process followed to the letter.”

Mr Sunak is now subject to a parliamentary probe over why he did not declare his wife’s interest in a company called Koru Kids.

This childcare agency benefited from the budget in March of this year, but Mr Sunak did not mention his family’s role when speaking to MPs at the Liaison Committee – although he has since separately registered it on his list of ministerial interests.

Click to subscribe to the Sophy Ridge on Sunday podcast

The Cabinet Office spokesman added: “The interests published are those that the independent adviser judges to be relevant – or could be perceived to be relevant – to each minister’s specific role and responsibilities.

“As set out in the document, the independent adviser has scrutinised the declarations made by all ministers, and he is ‘content that any actual, potential or perceived conflicts have been, or are in the process of being resolved’.”

Related posts:

‘They just need to get that into their heads’: PM sends EU message over Northern Ireland row ‘What about Corsica in France?’ – Raab attacks EU leaders ‘who see N Ireland as different to UK’ Sunak spooked aid rebels, and acquired a significant new political weapon in the process MP wells up in Commons as she describes difficulties for nephew with Down’s syndrome Wallace: UK govt will send more weapons to Ukraine Public sector pay rises – who decides and how? Parts of Labour Party treated antisemitism as ‘factional weapon’, long-awaited report finds Labour MP’s bank account targeted by scammers three times in three weeks ‘We want to get a grip’: Minister ‘not happy’ over conditions at migrant centre Months of political turmoil have ‘upset’ me – and MPs need to get back to their day job, Speaker tells Sky News The problems of peers in politics – what is the House of Lords? UK tech firms at ‘serious risk’ from Silicon Valley Bank collapse, warns chancellor