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Tag Archives: unpaid loans

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taxpayers bounce back loans

Taxpayers Could Lose Up to £26b on Unpaid Bounce Back Loans

Due DiligenceBy SulemanBaigOctober 8, 2020

A new report suggests that up to 60% of emergency pandemic loans made under the Bounce Back scheme may never be repaid.  The National Audit Office (NAO), the government’s spending watchdog, claimed that taxpayers could lose up to £26b thanks to fraud, organised crime or default. The Bounce Back loans scheme was aimed at small…

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