With the Government facing a massive shortfall in its finances, MPs report on how billions were lost by the Treasury during the time the current Prime Minister was Chancellor.
Rishi Sunak’s schemes to help businesses and individuals during the COVID pandemic has left the taxpayer with a fraud and error bill running to tens of billions of pounds, according to an analysis of reports by MPs and the National Audit Office.
As the Chancellor, Jeremy Hunt, prepares to announce a £50 billion package of tax rises and spending cuts, the total cost of fraud and error has been estimated to be anywhere between £14 and £22 billion.
Fraudsters, including organised criminals and even people who were bankrupt, rushed to take advantage of lax controls and hasty decisions in Whitehall to obtain cash aimed at preventing genuine businesses and individuals from going bust during the lockdown.
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https://bylinetimes.com/2022/11/16/rishi-sunaks-20-billion-covid-fraud-black-hole/