The British government has been accused of complacency when it came to handing out £47 billion ($59 billion) in loans to businesses affected by the COVID-19 pandemic.
The Public Accounts Committee said in a report published on April 27 that the Department for Business, Energy, and Industrial Strategy (BEIS) had been “complacent” in preventing fraud in the Bounce Back Loan Scheme (BBLS).
Dame Meg Hillier, a Labour MP who chairs the committee, said, “With weary inevitability we see a government department using the speed and scale of its response to the pandemic as an excuse for complacent disregard for the cost to the taxpayer.”
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