>1 minute readGeneral view of the deserted New Bond Street with its closed shops, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 7, 2020. Reuters first reported the figure on Friday, which gives the first firm indication of the potential level of scams perpetrated on Britain’s so-called ‘bounce back loan’ scheme. Banks handed out 47 billion pounds in total in government-guaranteed loans under the scheme from May 2020 to struggling small businesses hit by COVID-19 lockdowns.
They were ONLY DOING THEIR BEST, give them a break.
Maybe 1.3 BN were textbook definition of fraud. But how many were granted to peers and political allies without tender for sub-standard contracts or contracts with generous allowances for failure, etc ?
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>1 minute readGeneral view of the deserted New Bond Street with its closed shops, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 7, 2020. Reuters first reported the figure on Friday, which gives the first firm indication of the potential level of scams perpetrated on Britain’s so-called ‘bounce back loan’ scheme. Banks handed out 47 billion pounds in total in government-guaranteed loans under the scheme from May 2020 to struggling small businesses hit by COVID-19 lockdowns.
They were ONLY DOING THEIR BEST, give them a break.
Maybe 1.3 BN were textbook definition of fraud. But how many were granted to peers and political allies without tender for sub-standard contracts or contracts with generous allowances for failure, etc ?