Exclusive: Sir David Green suggests ‘prudence was thrown out the window’ as UK lost billions of pounds in pandemic business support
The former head of Britain’s financial crime prosecutor has said “red flags were ignored” in the rush to distribute taxpayer funded emergency loans to businesses during the pandemic, and questioned whether fraud was taken seriously by the government.
Parliament’s spending watchdog estimates fraud and error were likely to have cost the UK government as much as £16bn across the various Covid loan schemes, including those for small businesses.
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