Furlough fraudsters 'may have stolen more than £3bn'

Furlough fraudsters 'may have stolen more than £3bn'
More than £3bn of furlough job protection money could have been stolen by criminal gangs and employers, the National Audit Office (NAO) has said.
BBC News
https://www.bbc.co.uk/news/business-54650538


Coronavirus: Billions of pounds lost to fraudsters in furlough scheme
Fraudsters raked in billions from chancellor Rishi Sunak's furlough scheme, and little of the money is likely to be recovered, a spending watchdog has said.
The Independent
https://www.independent.co.uk/news/uk/politics/coronavirus-furlough-rishi-sunak-fraud-error-national-audit-office-b1230207.html

COVID CASH Full details on furlough extension revealed
https://www.thesun.co.uk/money/13078607/full-details-furlough-extension-revealed/

The Sun
1.1M subscribers
Rishi Sunak to extend furlough scheme beyond December as Bank of England pumps £150bn into economy.

BANK of England chiefs have agreed to pump £150 billion of extra money into the economy as England’s second lockdown starts today.

And Rishi Sunak will make it a double bazooka by promising to keep the Government’s latest Covid bailout schemes in place even after the lockdown ends on December 2.

The Chancellor is expected to announce the 80% furlough scheme will continue to be on offer in any area of the UK that faces the highest level of Covid restrictions - including Tier 3 areas of England.

The £150billion boost to the Bank of England's programme of quantitative easing is on top of the £100billion cash injection it agreed on in June.

It takes its mammoth quantitative easing (QE) bond-buying programme for the Covid crisis to £875billion.

The Bank's economic forecasts are even gloomier than expected too, as it slashed its predictions of recovery amid fears the new lockdown will push the UK economy into a double-dip recession.

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Rishi Sunak to extend furlough scheme beyond December as Bank of England pumps £150bn into economy
https://www.thesun.co.uk/news/1311115...
https://www.youtube.com/watch?v=bRjx_4Ar6_I

Unemployment rose 116% in Kent in 2020 as post-lockdown benefits claims remain high
https://www.kentonline.co.uk/kent/news/i-knew-a-redundancy-was-coming-despite-being-furloughed-241365/