UK fraud prevention ‘still lacking’ after Covid-related scams and errors cost £11bn
Most of losses from bounceback loan, furlough pay and eat out to help out fraud not recovered, report findsBusiness live – latest updatesMinisters have been warned that fraud prevention efforts are falling short across government, as a major Covid report found that fraud and errors had resulted...
<p>Most of losses from bounceback loan, furlough pay and eat out to help out fraud not recovered, report finds</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/dec/09/trump-nvidia-powerful-ai-chips-china-stock-markets-bonds-inflation-business-live-news-updates">Business live – latest updates</a></p></li></ul><p>Ministers have been warned that fraud prevention efforts are falling short across government, as a major Covid report found that fraud and errors had resulted in a £10.9bn loss to UK taxpayers during the pandemic.</p><p>The report, by independent Covid counter-fraud commissioner Tom Hayhoe, found that government schemes designed to support struggling businesses and their staff were rolled out at speed with no early safeguards, resulting in huge fraud risks that cost the public purse.</p> <a href="https://www.theguardian.com/business/2025/dec/09/uk-fraud-prevention-covid-scams-commissioner">Continue reading...</a>
Read the full article at:
The Guardian World →