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Over £5.5bn of Covid support funds lost to fraud or error
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More than £5.5bn of taxpayer money from the government’s coronavirus assistance schemes including furlough, self-employed support and “eat out to help out” was paid out to fraudsters or given out incorrectly.
It emerged on Thursday that £5.2bn paid out by the government under the coronavirus job retention scheme, widely known as furlough, ended up in the hands of fraudsters or was paid in error.
HM Revenue and Customs acknowledged in its annual report that about 8.7% of the £60bn it paid out under the furlough scheme in the 2020-21 tax year ended up in the hands of organised crime gangs, fraudsters or was awarded erroneously.
The furlough scheme paid 80% of the wages of up to 11.5 million workers placed on leave since March 2019, up to a
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