Nearly two thirds of bounce-back Covid loans will NEVER be paid, MPs fear

  • 📰 TheSun
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 61%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Nearly two thirds of bounce-back Covid loans will never be paid back, MPs fear

The Bounce Back Loan Scheme was rushed out to allow small businesses quick access to cash.will say it was rolled out at pace — leading to a “significantly increased” risk of fraud.

They will say the Treasury was “reliant on banks that it admits lack incentives given it is not their money on the line”.Committee chairHowever, 55,000 fraudulent bids for £2billion in loans are estimated to have been spotted in time and thrown out.Most read in News

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Investigate the fraudsters and seize everything they own.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 64. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19: End of England's Covid rules still set for 19 July“No date we choose comes with zero risk for Covid… we have to learn to live with it” New Health Secretary Sajid Javid has told MPs that ministers 'see no reason to go beyond' 19 July for the final easing of lockdown measures in England With cases rising exponentially please tell me how we can unlock further when the current measures are proven to be inadequate? So he has no understanding of the Delta variant or the possibility of the Delta+ variant, shameful I can see the reflection of the camera on his head!
Source: BBCNews - 🏆 3. / 97 Read more »

COVID-19: Addenbrooke's Hospital upgraded COVID staff's face masks and 'cut ward-based infection to zero'COVID-19: Addenbrooke's Hospital upgraded COVID staff's face masks and saw cases fall by almost 100%
Source: SkyNews - 🏆 35. / 67 Read more »

Covid loan fraud and error will cost UK taxpayers tens of billions, say MPsCross-party group says prioritising speed and relaxing controls meant increased exposure to potential abuses
Source: The Guardian - 🏆 84. / 53 Read more »

A THIRD Oxford vaccine jab can boost protection against Covid variantsThe findings will give No10 confidence that the AstraZeneca jab can be used in a UK booster vaccine programme this autumn. But Oxford scientists say a third shot is not necessary. I guess this is only if you survive the 1st or 2nd? For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him RonelMoses32 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ But Pfizer produce immunity for years as study suggest and cause not deaths due to side effects (69 Brits have already died)
Source: Daily Mail Online - 🏆 135. / 51 Read more »

Mixing Covid vaccines gives good protection, study suggestsAny combination of Pfizer or AstraZeneca for first and second doses works, a study suggests. Mixing vaccines gives good protection except when the Chinese suggest it. Then its proof their 'vaccines are hopeless!!!' Can we see the statistics please as it's a bit difficult to believe that statistically meaningful research can have been conducted so early. Thank you.
Source: BBCNews - 🏆 3. / 97 Read more »

Three Sri Lanka players sent home for Covid breaches before England ODIsKusal Mendis, Niroshan Dickwella and Danushka Gunathilaka have all been suspended on the eve of the first ODI of a three-match series on Tuesday For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him RonelMoses32 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ daniel86cricket 🤣🤣🤣🤣
Source: The Guardian - 🏆 84. / 53 Read more »