@carryonkeith @GarethDaviesNAO on @IanKingSky on #BounceBack loan #Fraud!!
='£17bn uncollectable, 5bn fraud'...BUT DAMNING APPRAISAL GETS WORSE!! LONG THREAD!!
Eg. Govt removed credit checks so no idea of credit worthiness!
1/
@carryonkeith @GarethDaviesNAO @IanKingSky MORE EXAMPLES:
1.'DUPLICATE PAYMENT CONTROL': Spotting ppl who were making #BounceBack loan applications to multiple banks, that wasn't brought in for a month which might not sound v much but in this scheme £28 BILLION was lent in the 1st month & by far the busiest month!...
2/
@carryonkeith @GarethDaviesNAO @IanKingSky So before any duplicate checks in place, £28 bn had gone out the door!😱😬
2.'COUNTER FRAUD CHECKS': 'Spotting where a dormant company had a new director added to it in Company's House, signalling in many cases...somebody is using that dormant company to commit a FRAUD...
3/
@carryonkeith @GarethDaviesNAO @IanKingSky ..V SUSPICIOUS..that check wasn't brought in for 2 months, by which time more than half of the money had gone out of the door!😬
Ian King: Are you holding lenders to blame or way scheme rolled out?
NAO: Not our job to apportion blame, our job to find the evidence & point out..
4/
@carryonkeith @GarethDaviesNAO @IanKingSky what's been learnt..so future schemes better protected.
First responsibility for preventing fraud & then detecting & recovering it, is the lender..the Banks🤔 involved in this scheme & they are EXPECTED to apply their NORMAL counter-fraud & recovery approaches..BUT CRUCIALLY..
5/
@carryonkeith @GarethDaviesNAO @IanKingSky ..they have NO financial incentive to do so beyond the minimum..because of the govt guarantee❗❗😱😭
..that's why the TAXPAYER is 'on the hook' for such a SIGNIFICANT AMOUNT in this scheme❗😱😭 ...
6/
#ToriesUnfitToGovern #ToryMismanagement
@carryonkeith @GarethDaviesNAO @IanKingSky @IanKingSky: Most depressing line in the Report is that the Enforcement agencies have little scope for recovery..is that down to lack of resources or complex nature of these frauds?😢
@GarethDaviesNAO: Resources is the key point because it's NOT JUST #BounceBack loans..😱😭
7/
@carryonkeith @GarethDaviesNAO @IanKingSky ..that those agencies are facing a CHALLENGE here, we've seen similarly EYE-WATERING NUMBERS 😲on the furlogh scheme for eg (we've got HRC in that case able to put some enforcement action into place with more resources)...BUT..
8/
@carryonkeith @GarethDaviesNAO @IanKingSky ..BUT there is FRAUD ACROSS QUITE A LOT of the #pandemic response BEYOND #BounceBack loans,😱😭so there's a genuine CAPACITY PROBLEM! Additional resources have been agreed but our argument is: Given the SCALE of what govt estimates may have been lost here in FRAUD🤑,..
9/
@carryonkeith @GarethDaviesNAO @IanKingSky ..that level of resources is NOT adequate for the task it faces!!😱😱😭😭
10/

[OMG NOT WRONG!! LOOK at THIS !!!👇LEVELS OF #FRAUD in Govt's Pandemic Response!! #ToriesUnfitToGovern] #ToriesMismanagement #Fraud = NOT just #BounceBack loans!!

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More from @BlayneyDeborah

Jan 23
@sophieraworth on @bbcsml talks to @mvankerkhove of @WHO: @WHO advises keep measures eg masks, WFH for the time being!
RE "PM's plans to end self-isolation rules for people with #Covid in the coming weeks"
@sophieraworth "It sounds as if it ALARMS you?"
@mvankerkhove "It does!"
@bbcsml
☡"WE NEED TO BE CAUTIOUS" [@mvankerkhove of @WHO]
"We're NOT out of the woods yet!
We need to exit this gracefully, carefully & slowly.
This virus is moving to an endemic state, but can't reach an endemic state in one country, while the pandemic is thriving elsewhere"🔥
WE ARE WORRIED about NEXT VARIANT❗
We're tracking descendant sublineages of #Omicron BA.1, BA.2,
BA.3❗
AND 30 sublineages of #Delta we're tracking worldwide❗
The virus is still evolving❗
Virus is NOT behaving like a seasonal respiratory virus❗
It will thrive in any climate❗
Read 4 tweets
Jan 22
NATIONAL IMPORTANCE #Lawfare 20/1/22
@DavidDavisMP
'..those with exceptionally deep pockets & exceptionally questionable ethics. These people use our justice system to threaten, intimidate & put the fear of God into British journalists, citizens, officials & media organisations..
What results is injustice, intimidation, suppression of free speech, the crushing of a free press, bullying& bankruptcy. It results in protection from investigation & gives encouragement to fraudsters, crooks & money launderers...

(@DavidDavisMP speech on #Lawfare & #SLAPP cont)
It's turned London into the global capital of dirty money. In extreme cases, it can undermine the SECURITY OF THE STATE by allowing people to act as extensions of foreign powers.
This is LAWFARE—lawfare against British freedom of speech, lawfare against the freedom of the press
Read 7 tweets
Jan 11, 2021
Great speech by @EmilyThornberry in Global Britain Debate!
But OMG!!!
Now #Theresa May speech is ASTONISHING!😲 @carolecadwalla @mrjamesob
Global Britain: It's about more than trade, it's about "shared values, our respect for human dignity, human rights, equality, the #RuleofLaw
freedom, democracy..it's about how we work with others.& maintain rules-based order which protects those values..
Sadly what we saw last wk in US shows us how fragile..democracy can be when it is under pressure from #populism & #nationalism fuelled by messages disseminated on SM!
At current pt for UK post Brexit dealing with Covid, yet to deal with societal & economic impacts..imperative we reject any push toward nationalism & isolationism😱
Move away from strong men facing upto each other..& find ways to work with those who share our values under threat
Read 4 tweets
Jan 11, 2021
This is an IMPORTANT podcast episode too!!
Esp concerning financial loopholes undermining our elections, enabling foreign interference by malign forces!!😱😭#RussiaReport #Disinformation #DefendDemocracy
Cynical of timing!? Many have been exposing these serious threats for YEARS Eg @carolecadwalla but demeaned by @BBCPolitics eg @Afneil & #Marr!🙄
Govt ignored recommendations of @CommonsForeign report on 'Moscow's Gold' & @CommonsDCMS on Disinformation! 😬
Read 4 tweets
Jan 5, 2021
LORD KERR
"FARCICAL proceedings, rubber-stamping a CRUCIAL Bill in an afternoon"😱
What's most striking =treaty's ASYMMETRY: We are a service economy running goods deficits & service surpluses, yet this treaty gives the 27 free access here for their goods but gives us nothing..
❌NOTHING in return on services:
❌NOTHING for the City or Edinburgh;
❌NO passporting
❌NO equivalence
❌NO recognition of qualifications
❌NOTHING on data adequacy
❌NOTHING for the digital or creative economy, hard hit by the loss of free movement.💔😭
As for exports of UK goods, on top of the NEW BORDERS & BUREAUCRACY, our negotiators have LOST on:
Rules of origin, on SPS & on testing & certification.😭

EU exporters to us face no similar costs here, so it is not just asymmetrical, it is LOSE-LOSE😭#BrexitReality #BrexitDeal
Read 7 tweets

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