A report highlights losses of £10.9 billion from public funds in the UK due to fraud and errors during the Covid pandemic.

A recent report revealed estimated losses of £10.9 billion from public funds, caused by fraud, abuse, and errors during the economic support measures implemented during the Covid lockdowns. Mr. Hayhoe, who led the investigation, emphasized that although £1.8 billion has been recovered, many losses are now impossible to recover. Among the main causes are weak accountability, poor quality data, and inefficient contracts.

The report highlighted issues in the procurement of personal protective equipment (PPE), where £13.6 billion was spent, but £11 billion worth of items remained unused. Additionally, loan schemes for small businesses have been criticized for vulnerabilities to fraud. In response, Chancellor Rachel Reeves promised to recover the lost money and take action against fraud. The government has launched a voluntary fund return scheme, without questions, until the end of the year.