Bounce Back fraud

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old git
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Joined: Fri Jul 17, 2015 1:29 pm
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Bounce Back fraud

Post by old git »

Believe it or not, the Government has lent £47 billion in "bounce back" loans... but thinks £17 billion of that will never be repaid!

Of the many business loans that will never be paid back it is now believed that nearly £5 billion were fraudulently claimed. If one adds this to the abuse of the furlough schemes, the Government; particularly the Treasury is looking pathetically inept in it's handling of taxpayers money.

I am reminded of Gordon Brown who basically gave the Banks a blank cheque.

Politicians; they really are all as bad as each other. :roll:
The pen is mightier than the sword... Take away the sword; States can be saved without it!

Edward Bulwer- Lytton 1839 historical play - Cardinal Richelieu
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