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142 new news items in the last 24 hours
  1. Home
  2. Economy

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

Sanziana Georgescu
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9 December 2025, 13:35
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Economy
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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.

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BBC
Covid scheme fraud hit £10.9bn but much 'beyond recovery', report says
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independent.co.uk
Covid-19 fraud cost taxpayers £10.9bn but ‘much beyond recovery’, report finds
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The Guardian EU
UK fraud prevention 'still lacking' after Covid-related scams and errors cost £11bn
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Digi24
Fraudele legate de COVID au costat Marea Britanie aproape 11 miliarde de lire sterline
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Hot News
Marea Britanie a calculat că fraudele legate de COVID au costat-o aproape 11 miliarde de lire sterline

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NEWS ON THE SAME TOPICS

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International
United Kingdom: An official investigation found that Boris Johnson's government wasted 10 billion pounds of public money on the purchase of personal protective equipment (PPE) during the pandemic.
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EPPO investigates possible fraud of approximately 5 billion euros in the Recovery and Resilience Facility
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Minister Irineu Darău accuses the former leadership of ADR of losing 14.7 million lei from European funds due to the improper use of money from the PNRR.
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Romania reported the highest number of suspected fraud cases regarding EU spending
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Youth unemployment in the United Kingdom increases the risk of a "lost generation"
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Investigation in Hungary regarding 3.5 billion euros from EU funds distributed. The investigation targets close associates of Orban.
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COVID-19 Loss fraud pandemic public funds

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