Around a third of UK investors that received money from a Covid-19 support fund would have invested money had the fund not existed, an independent report has found.
The level of fraud in the government’s Covid-19 loan schemes is around £1.5bn less than previously forecast, according to senior officials at the British Business Bank.
The former Cabinet Office and Treasury minister who resigned in January over the government’s measures to tackle fraud in Covid-19 loan schemes yesterday told MPs that officials and...
As much as £26bn paid out under the government-backed Bounce Back Loan Scheme could be lost to fraud or default, according to the National Audit Office.
