Treasury writes off £4.3bn in Covid payments lost to fraud

The Treasury expects to recover only £1 of every £4 stolen from the public purse by fraudsters during the pandemic, it has admitted for the first time

1/17/2022 12:00:00 PM

The Treasury expects to recover only £1 of every £4 stolen from the public purse by fraudsters during the pandemic, it has admitted for the first time

The Treasury expects to recover only £1 of every £4 stolen from the public purse by fraudsters during the pandemic, it has admitted for the first time.The depar

,The TimesThe Treasury expects to recover only £1 of every £4 stolen from the public purse by fraudsters during the pandemic, it has admitted for the first time.The department has written off £4.3 billion of £5.8 billion that was stolen from its emergency Covid-19 schemes that propped up swathes of the workforce during successive lockdowns, including the furlough scheme, the self-employed income support programme and Eat Out to Help Out.

SponsoredThis means that a maximum of only 26 per cent of money unlawfully taken from the Treasury will be recovered.

Read more: The Times »

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Rishi Sunak is overprivileged and disconnected from reality, God help us from this shambolic Government Three ways to get rich eh! I) Don’t pay tax 2) defraud the taxpayer 3) friends in high places. Meanwhile the pirates of rackham key party through the night boris abused lies whistleblowers please

Meanwhile, the wealth of the richest has doubled during the covid period! There's no greater joy than having financial freedom and a life free debts 😊, that's why I keep posting a comment about Mrs Michael90078 The treasury is not fit for purpose. You don’t just give away tax payers money to fraudsters and conservative MPs friends and family and not put them in prison for defrauding the public. Checks and balances should have been in place to prevent this from happening!

Perpetuate to accumulate eh'Rishi .. SOFT on F R A U D SOFT on the CAUSES of F R A U D But £20 a week extra to the less well off families … No chance its a waste of taxpayers money 🙄 Fiscal responsibility eh! Who is accountable? Publish all detsios, this is public information taxes corruption abused whistleblowers please

lol They're too busy partying to worry about wasting £billions of our money

Australia Covid update: Greg Hunt says Omicron may be peaking as NSW warned ‘difficult three weeks’ aheadNew South Wales recorded another 20 Covid-related deaths, while 13 people died with Covid in Victoria, three in Queensland and two in the ACT All is fraud,Virus spread knowingly by devils and every year name of covid will continue to change by these devils Yeah right with the positivity rate over 50%

Hancock and his publican pal will be delighted to hear this. But the ones who stole it all are their mates ? Cant we just ask for our 37 billion back and we will say no more on it?

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Ruled Out: Australia Deports Djokovic for Being UnvaccinatedNovak Djokovic was deported from Australia after losing a bid to stay in the country to defend his Australian Open title despite not being vaccinated against COVID-19 👏👏👏👏👏👏👏👏 I’ll never understand anti-vaxxers. Makes no sense. Australia did the right thing. Kudos

Covid cases fall again with 70,924 new infections reportedThe UK recorded 70,924 new Covid infections and 88 deaths, according to official figures. Isn't this a bit disingenuous ? Especially knowing people are unable to get tests & people are stopping testing. What we now need to know how many are testing & what percentage are positive. Comparisons are pointless!

Monday January 17 2022, 12.01am , The Times The Treasury expects to recover only £1 of every £4 stolen from the public purse by fraudsters during the pandemic, it has admitted for the first time. The department has written off £4.3 billion of £5.8 billion that was stolen from its emergency Covid-19 schemes that propped up swathes of the workforce during successive lockdowns, including the furlough scheme, the self-employed income support programme and Eat Out to Help Out. Sponsored This means that a maximum of only 26 per cent of money unlawfully taken from the Treasury will be recovered. The figures, which were contained in documents quietly published on the HMRC website last week, represent the first time Rishi Sunak’s department has put a number on how much it expects its new £100 million