Tag Archives: covid fraud

14 August 2022 – today’s press releases

  • Government set to recover just a third of the £1 billion it pledged to claw back from Covid fraudsters
  • IPPR Analysis: Energy bills threaten to plunge millions into poverty this winter

Government set to recover just a third of the £1 billion it pledged to claw back from Covid fraudsters

  • The Government promised to recover £1bn between April 2021 and April 2023, but with just £226 million collected in 2021-22 it is all but certain to break its pledge.
  • Fraudsters are now on track to get away with £8 of every £10 they stole with £3.7bn of taxpayers’ money written off.
  • Liberal Democrats call on Liz Truss and Rishi Sunak to appoint a new fraud minister on day one to track down stolen taxpayers’ cash

The Government’s Covid fraud taskforce is on track to recover just a third of the £1 billion it pledged to claw back from fraudsters, new analysis of HMRC figures have revealed.

In 2021 Ministers set up the Taxpayer Protection Taskforce with the aim of recovering £1 billion of stolen funds related to its Covid support by the end of 2022-23. But new figures published by HMRC show the Government is lagging far behind this target.

They show the taskforce has recovered just £226 million so far in 2021-22, plus a mere £9 million in the first month of 2022-23. If it continues at this sluggish pace, the taskforce would bring back just £335 million by April 2023 – missing its target by two thirds, and allowing fraudsters to get away with another £665 million of stolen taxpayers’ money.

It means Covid scheme fraud is currently set to land taxpayers with a total £3.7 billion, with fraudsters keeping £8 of every £10 they stole. That money could fund the increase of nearly 2.3 million families’ energy bills as prices are set to rise again this October.

Posted in News and Press releases | Also tagged , , and | 2 Comments
Advert



Recent Comments

  • David Blake
    @Paul Reynolds In the list of abbreviations, it gives 'dir' as director and 'cons' as consultant/consultancy. Does that fit? Myself I think it's easier to gi...
  • Alex Macfie
    Remember that ordinary voters are typically not partisan ideologues. In the Kennedy years we were able to appeal to younger voters with a radical agenda but wit...
  • Robin Stafford
    For those interested in health and the NHS, Roy Lilley's blog is worth a look. A strong supporter of the NHS thought not uncritical. https://myemail-api.cons...
  • Peter Martin
    @ Simon R, Yes well done! :-) It was a somewhat tongue-in-cheek comment. I usually have difficulty in persuading contributors to this site to think in ter...
  • Simon R
    @Peter Martin haven't you yourself have (quite correctly) often pointed out the need to think in terms of resources rather than money? ;-) There are differi...