Chancellor Rishi Sunak (Peter Byrne/PA)
(Picture: PA Wire)The Chancellor has announced a new £25million ‘fraud squad’ after billions of pounds of taxpayer money was reportedly lost to Covid scammers.
Rishi Sunak will launch the new Public Sector Fraud Authority in July. It follows reports that £4.9billion worth of Government bounce back loans, given out by the Government to help struggling businesses during the pandemic, were squandered or smuggled out of the UK.
