of the scheme. as soon as they re due, it is going to be a tidal wave. it will be. there is no ifs, bunts or shunts about that. the nao says £17 billion may never be repaid. and 100,000 loans are already in arrears. i ve had to contact my doctor about having some anti depressants. i haven t been able to properly sleep for the last 20 months. £50,000 seemed like a life saver for anne marie and her printing firm. it now feels like a millstone. the bounce back loan is hanging there over our heads at the moment. you know, at the time, i guess, i had two choices. we either take on a loan and carry on and try to just ride through the storm, or we close the doors. but the storm isn t over? well, this is the thing. it sjust about starting, i think. loans that kept hundreds of thousands of firms alive became a dead weight for others, and a cash cow for criminals. angus crawford, bbc news.
about a sea in attitudes. the fa has apologised today, saying collectively, we must never allow this to happen again. fraudsters have stolen billions of pounds by abusing the government s bounce back loan scheme, which was designed to help small businesses survive during the covid pandemic. a new report from the national audit office says more than one in ten of the loans may have been fraudulent costing the taxpayer nearly £5 billion. the nao says that measures put in place to prevent fraud were implemented too slowly. angus crawford reports. a hard stop. police arrest a drug dealer, a member of a manchester gang that used a front business to hide their crimes. and this is it. from a couple of portakabins, they planned to take over the local cocaine market. but what s really extraordinary is they managed to get a £25,000 bounce back loan to help their business through the pandemic. and they weren t the only ones. it s a bounce back loan application
firms ever pay back? it s going to be horrendous. it s a nightmare. i m worried. i ve asked the government to set up a helpline. mike runs an online support group for business owners who took out a loan, and now fear they may go bust. they ve now got the repayments starting. a lot of people simply have not bounced back, which was the whole idea of the scheme. as soon as they re due, it is going to be a tidal wave. it will be. there is no ifs, bunts or shunts about that. the nao says £17 billion may never be repaid. and 100,000 loans are already in arrears. i ve had to contact my doctor about having some anti depressants. i haven t been able to properly sleep for the last 20 months. £50,000 seemed like a life saver for anne marie and her printing firm. it now feels like a millstone. the bounce back loan is hanging there over our heads at the moment. you know, at the time,
and these missing cases means people will be diagnosed with the disease later. that reduces their chances of survival. so that in itself is stark and the other thing we have talked about so much recently, waiting lists. what we call routine surgery but we are often talking about hip replacements and knee replacements, quality issues? they absolutely are and surgeons are very distressed about the numbers waiting for treatment because these are treatments that can enable people to get back to work and live pain free so they are very important to the quality of life. the numbers on the waiting lists in england, just over 5.8 million, the highest on record. what the nao says is likely to happen in coming years is that will grow and they warned that by 2025 it would be higher than it is right 110w. the government says it is putting
The regulator’s response to the British Steel defined benefit (DB) transfer scandal, which saw thousands of workers given unsuitable advice to quit the final salary pension scheme, is to be investigated by the National Audit Office (NAO).