Bibby Stockholm asylum barge contractor admits overcharging UK government £118m

Australia’s Corporate Travel Management is ‘negotiating commercial arrangements’ to refund the money

The Australian company that ran the Bibby Stockholm asylum barge has admitted it overcharged the British government by £118m.

Corporate Travel Management (CTM) said its auditor had found evidence of “erroneous billing” of its UK clients, increasing its estimate of how much it owes the government by £40m.