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COVID schemes led to £11bn worth of fraud and error
COVID-19 fraud and error cost the taxpayer nearly £11bn, a government watchdog has found.
Pandemic support programmes such as furlough, bounce-back loans and Eat Out to Help Out led to £10.9bn in fraud and error, the COVID-19 Counter-Fraud Commissioner Tom Hayhoe's final report has concluded. The government said the sum is enough to fund daily free school meals for the UK's 2.7 million eligible children for eight years.
Money blog: mortgage rates 'will fall below 3.5% this year' in price war Weak accountability, bad quality data and poor contracting were identified as the primary causes of the loss. Of the figure, £1.8bn has been recovered, though "much" of the shortfall is now "beyond recovery.
Amir Nisi
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