Labour to tackle Covid “fraud”. About time too
Few would deny that Rachel Reeves is likely to be chancellor within a year and quite probably a very capable one too. She’s impressed many.
Although this is a sweeping policy, it is most certainly welcome. We are all aware of the manifold frauds perpetuated during Covid and many of those reading this blog will know exactly where to look in the case of CBILs loans and Bouncebacks. I suspect (and hope) that some of the less than ethical Insolvency Practitioners are going to have a few sleepless nights.
For all Sunak’s technocratic skills, the controls surrounding these loans (none existent in the case of Bouncebacks) were startlingly naive. The accusation that in his rarified world he is out of touch with the day to day machinations of the business world firmly stick
Cpcmcredit Blog 