Covid-19 Support Programs in the UK Result in £10.9 Billion Fraud and Error, Report Reveals
A report is set to reveal that Covid-19 support programs in the UK resulted in nearly £11 billion in fraud and error. The Covid Counter Fraud Commissioner, Tom Hayhoe, will present his findings to Members of Parliament, highlighting how fraudsters exploited the rapid rollout of financial support schemes during the pandemic. These programs, initiated by the previous Conservative government, included furlough wage subsidies, 'bounce-back' loans, and the Eat Out to Help Out initiative. While these measures were credited with supporting the economy during lockdowns, the lack of anti-fraud controls and eligibility checks led to significant financial losses. The report underscores the high level of fraud risk accepted during the rushed implementation of these schemes. 
