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Daily Mirror
Daily Mirror
National
Andrew Penman

Greedy bosses pocketed Covid cash as up to £27bn of taxpayer loans lost

It's payback time for some of the bosses who cheated the Government loan scheme to help businesses through the pandemic.

Bounce Back Loans offered small and medium-sized firms the chance to borrow between £2,000 and £50,000, depending on turnover.

Parliament’s Public Accounts Committee estimates that up to 60% of all loans from the scheme, amounting to £27billion, might never be repaid.

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