Parliament spending watchdog demands Treasury come up with estimates and how much it intends to recover
Fraud and error are likely to have cost the UK government as much as £16bn across the Covid-19 emergency loan schemes, according to parliament’s spending watchdog, which described the losses as “unacceptable”.
A report from the public accounts committee published on Wednesday said the Treasury should by the end of the year come up with estimates of fraud and error losses across the individual schemes and how much it intends to recover.
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