Sunak: I would do the same again on Covid business loans despite fraud risk

Sunak: I would do the same again on Covid business loans despite fraud risk

Mr Sunak, who served as chancellor during the pandemic, defended the rollout of the Bounce Back Loan Scheme as he appeared at the UK Covid-19 Inquiry.

Sunak defends Covid bounce back loans amid claims of excessive fraud – Your Capital Minds

Rishi Sunak has defended the government’s Covid-era Bounce Back Loan (BBL) scheme against claims that it was plagued by excessive fraud, telling the Covid-19 Inquiry that the need to act quickly outweighed the risks. The former chancellor said he was fully aware of the scheme’s vulnerabilities when it was launched in May 2020, but insisted that delaying it to introduce additional checks would have put hundreds of thousands of small businesses at…

Sunak defends Covid bounce back loans amid claims of excessive fraud

Rishi Sunak has defended the government’s Covid-era Bounce Back Loan (BBL) scheme against claims that it was plagued by excessive fraud, telling the Covid-19 Inquiry that the need to act quickly outweighed the risks. The former chancellor said he was fully aware of the scheme’s vulnerabilities when it was launched in May 2020, but insisted that delaying it to introduce additional checks would have put hundreds of thousands of small businesses at…