Tories ‘could have saved £420 per household with Covid money lost to fraud’

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The Tories could have saved nearly £420 to every UK household with the money they lost to fraud due to ‘flaws’ in their Covid business support schemes, Labor has claimed.

The party said the wasted money was equivalent to more than a month’s worth of food for a family or more than six tanks of fuel.

He added that upper estimates suggested the loss could be as high as £580 per household.

Labor based its analysis on research commissioned from the House of Commons Library in March 2022, which showed a central estimate of £11.8billion lost to fraud and error in the framework of five government business support programs.

He said this equated to £419.93 per household in the UK.

Angela Rayner, Labour’s deputy leader and shadow secretary of state for the future of work, said: ‘As families struggled to make their paychecks last month, billions of pounds of hard-earned money by the taxpayers was lost in the fraud and written by the Chancellor, showing how little respect he and his government have for British taxpayers.

“If the Conservatives hadn’t been so wasteful with public funds, they wouldn’t have needed to raise taxes on working people during a cost of living crisis.

“Labour will treat taxpayers’ money with respect and make Britain work for working people.

“We have come up with a sensible, costed and practical plan that would provide real help to people right now – the government must now hold an emergency budget to enact these plans and make a material difference for the millions of pensioners and workers feeling the tightening of the crisis.”

A government spokesman defended its response to the Covid outbreak and said steps were being taken to tackle fraud.

“Our £400 billion Covid support packages have been rolled out at unprecedented speed and successfully protected millions of jobs and businesses at the height of the pandemic,” the spokesperson said. .

“Fraud is completely unacceptable, and we are taking action on multiple fronts to crack down on anyone who seeks to exploit our schemes and we will bring them to justice.

“The new Public Sector Fraud Authority will review our fraud performance, maintain a watch list of individuals and businesses linked to organized crime and seize their money.”

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