Boris Johnson suffered another major blow to his authority on Monday after a Treasury minister staged a dramatic public resignation over the government’s decision to write off £4.3bn in fraudulent Covid loans.
“Given that I am the minister for counter-fraud, it would be somewhat dishonest to stay on in that role if I am incapable of doing it properly. It is for this reason that I have sadly decided to tender my resignation as a minister across the Treasury and Cabinet Office with immediate effect.” “They have been assisted by the Treasury, who appear to have no knowledge or little interest in the consequences of fraud to our economy or our society,” he said, adding that two counter-fraud staff at the business department would not “engage constructively” with his counter-fraud team in the Cabinet Office.
Labour’s Rachel Reeves, the shadow chancellor, said Agnew’s resignation was a “damning indictment of the chancellor and the government’s failures on fraud”.
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