£39 BILLION Fraud in UK government to non-existent companies before Covid.

UK: Govt Fraud Is “RAMPANT” – says Quitting Counter-Fraud Minister

Lord Agnew has accused the Treasury of having “no knowledge or little interest in the consequences of fraud” as he stormed out of the House of Lords chamber having quit the Tory party.

“The failure of government in tackling fraud is, I believe, so egregious and the need for remedy so urgent that, in the end, I felt the only option was to smash some crockery to get people to take notice,” he said in a Financial Times Op-Ed.

He claims “schoolboy errors” have led to an estimated $39bn a year fraud loss across government, citing over 1,000 bounce-back loans issued to companies that didn’t exist prior to the pandemic.

I don’t think there were schoolboy errors. These companies had been dormant for years waiting for this. Then they all become live, won government contracts for billions of pounds in PPE.

One company quoted £2 per mask, the magical company won the contract for £4.20 per mask and of lesser quality.