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Name all firms receiving furlough cash, say MPs

BBC News Published Firms that benefited from government furlough cash should have their names published, MPs have urged. The Public Accounts Committee called on the Treasury to set out new transparency guidance for government support in the next six months. But the government said it had acted at speed to help workers and firms. Fraudsters could have benefited from the government s decision to drop basic checks in paying out Covid loans and furlough support, the committee said. The committee said it was impossible to tell how much money had been wasted, because data issued so far had insufficient detail to allow for public scrutiny .

Publish names of firms who get Government support to avoid fraud, MPs say

Businesses that tap into Government furlough support should have their names published, an influential group of MPs has said, after concerns that taxpayers could have lost billions to fraudsters during the pandemic. The Public Accounts Committee (PAC) called on the Treasury to set out new transparency guidance for Government support in the next six months. This should include a presumption that the names of businesses that benefitted from the furlough scheme will be published. HM Revenue and Customs (HMRC) has published some data on companies that claimed furlough money for their staff. But the data has “insufficient detail to allow proper public scrutiny”, MPs said.

Taxpayers could lose £27bn to Covid loan fraud while benefit scams reach all time high

Taxpayers could lose up to £27bn to Covid loan fraud while benefit scams reach all time high TAXPAYERS could lose as much as £27bn from fraudsters taking government-backed loans with no intention of repaying them, a group of MPs has said. A report, published today by the Public Accounts Committee (PAC) also states that fraud within the Universal Credit benefits system during the pandemic reached an all-time high, rising by £3.8bn to £5.5bn between April last year and March 2021. MPs suggested that the government has created an opportunity for people looking to exploit their generous schemes designed to help firms throughout the crisis and prevent mass unemployment., with an “increased appetite for fraud” arising since the virus swept the UK.

UK Government s Covid loan schemes plundered by fraudsters

UK Government s Covid loan schemes plundered by fraudsters
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