U.K. junior minister quits over ‘woeful’ efforts to stop COVID-19 loan fraud

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Theodore Agnew, a Conservative who sits in parliament’s upper house, said he was quitting his post as a minister in the Treasury and Cabinet Office departments

The government last week defended its record of providing support to businesses during the pandemic, disputing reports it had written off 4.3 billion pounds in fraud across more than 80 billion pounds of job support given by the Treasury, but acknowledging that some fraud had occurred.

Finance minister Rishi Sunak said on Twitter that Agnew had served with diligence and commitment and thanked him for his “tireless work” during the pandemic. “Schoolboy errors were made,” Agnew said. “For example, allowing over 1,000 companies to receive the bounce-back loans that were not even trading when COVID struck.”

 

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