The upcoming report by Covid Counter Fraud Commissioner Tom Hayhoe reveals that nearly £11bn was lost to fraud and error in Covid-19 support programmes. Mr Hayhoe will address MPs, highlighting how fraudsters exploited rapid financial aid rollouts initiated by the previous Conservative government. The report criticises the lack of anti-fraud controls, saying: “Accepting a high level of fraud risk, without plans for managing or mitigating this risk.” Chancellor Rachel Reeves has tasked Mr Hayhoe with recovering lost public funds, following previous findings of £1.4bn in undelivered PPE contracts.
Covid fraud costs taxpayers £11bn
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