Podcast 06 Jul 2021

59: Are we seeing Covid loan fraud?..

Fears are growing that thousands of Covid loans were fraudulently claimed and will never be returned to the taxpayer. Figures show that in Q1 2021 40,000 firms were ‘struck off’ at Companies House, a 743% rise compared to Q1 2020. Many legitimate firms have been forced to close during the pandemic, particularly smaller ones. However, the concern is that thousands of companies have stopped trading to avoid repaying Government loans altogether…

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