Corrupt as Hell! Govt Advisor is Vaccine Magnate VIDEO

Sir Patrick Vallance has a £600,000 shareholding in a pharmaceuticals giant which is racing to develop a Covid vaccine for the Government, the report has revealed. But he failed to reveal this stake.

Accounts seen by the Telegraph show that Sir Patrick held 404,201 GSK shares when he resigned, worth £6.1 million at today's price.

Vallance, who also chairs the Government's expert panel on vaccines, predicted at a news conference this week that the first effective doses of a jab might become available on a limited basis by the end of this year.

GSK is one of more than 20 drugs companies around the world in the race to provide the cure for coronavirus – an achievement which would be colossally lucrative. Sir Patrick's former employer has deals with the British and US governments to supply them with Covid-19 vaccines, subject to terms in a final contract.

'The policy of this Government is to try to suppress Covid at every opportunity until we get a vaccine,' the MP said. 'That makes it more likely that a vaccine will be prioritised by the Government and he happens to be holding shares in one of the leading companies that are developing it. It is a potential conflict of interest.

'If he is making decisions on vaccines and advising the Government on them, then he either needs to divest himself of the shares or make a declaration every time he touches on the subject. In the Commons, every time MPs raise an issue in which there is a registered interest, they have to declare it. Every time he is talking about vaccines or on TV, he should put it on the table.'

It was unclear if Sir Patrick did in fact declare his interest at any stage. MailOnline has contacted him seeking clarification. 

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