☀️Of the £4.1B the #British government has paid to lenders for defaulted credit under the bounce back loan scheme (BBLS), £640M worth of facilities were marked as “suspected fraud”, which is £1 in every £6!!
#UK #COVID #RECESSION #FRAUD #EU
gov.uk/government/pub… Image
1. of the £77B worth of emergency taxpayer-backed funding provided across three pandemic loan schemes, at least £11B is in arrears or defaulted!!!
#UK #COVID #RECESSION #FRAUD #EU
2. among large users of the BBLS, Starling Bank has flagged the highest proportion of loans as “suspected fraud”. At least £695M worth of the £1.6B in BBLs issued by the online bank are in arrears or default!!
#UK #COVID #RECESSION #FRAUD #EU
3. Under a different pandemic scheme, Funding Circle, the listed small business lender, has been responsible for more than £1 in every £3 that has so far been claimed on the state guarantee!!

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