US EditionMuch of £11bn Covid scheme fraud 'beyond recovery', report says
A report reveals £10.9 billion lost to fraud and error in UK Covid support schemes, with only £1.8 billion recovered, highlighting weak controls and rapid spending risks.
- On Tuesday, Covid Counter Fraud Commissioner Tom Hayhoe will tell MPs that fraud and error linked to Covid support programmes cost UK taxpayers 10.9 billion, with much now beyond recovery.
- Rushed designs in early pandemic programmes required accepting a high level of fraud risk and left controls inadequate in furlough wage subsidies, Bounce Back Loan Scheme, and Eat Out to Help Out programme.
- The report found £13.6bn was spent on PPE procurement with 38 billion items bought and 11 billion unused by 2024, with losses of about £10bn from over-ordering and £324m due to fraud.
- So far the report records that £1.8bn has been recovered, but `Much of the shortfall is now beyond recovery` despite a voluntary repayment scheme launched in September until the end of December.
- Tom Hayhoe was asked by Chancellor Rachel Reeves to lead recoveries, and she welcomed the report, pledging the government will respond fully in the new year.
26 Articles
26 Articles
The Secretary of the Treasury Department, Ángel L. Pantoja Rodríguez, announced the start of the administrative process to recover taxes allegedly unpaid by those accused in a fraud scheme exceeding $9 million. The case was reported on…
The urgency of the moment and the lack of control of the authorities have allowed fraudsters to stamp several billion pounds. Poor estimates of the need for personal protective equipment have also left a huge bill. ...
Fraud applications for funds paid by contributors during the CoVID-19 pandemic cost the British British public finances 10.9 billion pounds ($14.5 billion), announced to the government in March, reading the conclusions of a new independent report, inform Reuters.
Covid fraud under the Tories cost the taxpayer almost £11 billion
So much for being the party of law and order and sound finances. It’s been revealed that Covid fraud under the last Tory government cost the taxpayer almost £11 billion, enough to provide a daily free school meal for the UK’s 2.7 eligible million children for eight years. The Mirror reports that a report set to be published on Tuesday by the government’s Covid Counter Fraud Commissioner Tom Hayhoe will show that Covid fraud and error under the C…
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