Exclusive: Nick Markham, who co- founded Cignpost Investments during the pandemic, was given a peerage by Liz Truss

A Conservative health minister has a substantial financial stake in a private health screening and Covid testing firm, raising questions about the potential for a conflict of interest.

Nick Markham, a businessman who was given a peerage under Liz Truss and appointed to the health department, owns about 30% of Cignpost Investments and has done so throughout his first four months in the job.

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