Bounce back loans: Criminals may have claimed billions

Bounce back loans: Criminals may have claimed billions

Image caption The BBC revealed how criminal gangs had set up fake companies to claim loans.

An analysis of the government loan scheme for struggling small businesses suggests criminals could have stolen more than £1.9bn from taxpayers.

The National Audit Office also says the UK’s five biggest banks will pocket nearly £1bn between them from the scheme.

Under the Bounce Back scheme, small…

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