Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Labour’s would recover Covid fraud billions if elected

by October 9, 2023
October 9, 2023
Labour’s would recover Covid fraud billions if elected

A Labour government would create an anti-corruption commissioner to recoup billions of pounds lost to fraud and waste during the Covid pandemic, the party has announced.

Shadow chancellor Rachel Reeves will set out the plan in her speech to Labour’s conference on Monday.

She is expected to put the cost to the taxpayer of Covid fraud at £7.2bn.

Ms Reeves will also pledge to speed up the planning process for critical infrastructure, if Labour wins power.

Meanwhile, the Labour leadership is set for a showdown with Unite – historically the party’s biggest financial backer – over the union’s call to nationalise critical infrastructure, starting with privatised electricity and gas networks.

Delegates will vote on whether the party should adopt this policy – which is opposed by Ms Reeves and Labour’s leader Sir Keir Starmer – on Monday evening.

Labour’s proposal to recover money lost as a result of fraud and waste during the pandemic would bring together HMRC, the Serious Fraud Office and the National Crime Agency.

Ms Reeves will tell the conference in Liverpool that just 2% of fraudulent Covid grants – “with every one of those cheques signed by Rishi Sunak as chancellor” – have been recouped.

She will promise to appoint a Covid corruption commissioner with full powers to take cases to court and “claw back every penny of taxpayers money that they can”.

“That money belongs in our NHS, it belongs in our schools, it belongs in our police – we want that money back,” she will say.

In a post on X, formerly Twitter, she said: “As Chancellor, I will always treat taxpayers’ money with respect.”

According to the Guardian, Ms Reeves will also promise a review of sentencing for offences of fraud committed against public services.

Read more:
Labour’s would recover Covid fraud billions if elected

0
FacebookTwitterGoogle +Pinterest
previous post
Taxpayers to pay £40bn due to threshold freeze, think tank says
next post
House price falls expected into new year, Halifax says

You may also like

‘SMEs Navigate Unprecedented ‘Poly-Crisis’ as Business Confidence Wavers’

November 8, 2023

Pranks and anonymous messaging games between friends

March 9, 2023

Crypto Trading Contest: Strategies and Solutions for Firms

September 29, 2024

HMRC bring less prosecutions for tax-dodging than pre-pandemic...

May 3, 2023

Dear Rishi, EVs are still too expensive &...

March 16, 2024

The Influence of Chemical Companies on Modern Life

April 9, 2024

Jeff Bezos to divest $5bn of Amazon shares...

July 7, 2024

Building from Scratch: How Reco Jefferson Turned Curiosity...

May 7, 2025

Support for businesses during the energy crisis

November 23, 2022

More American taxpayers are planning to relocate to...

June 4, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Jeremy Hunt: ‘We’re over-medicalising anxiety and depression with sick notes’

      August 2, 2025
    • Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

      August 2, 2025
    • WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

      August 1, 2025
    • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

      August 1, 2025
    • Recess on ice as Republicans hunker down for high-stakes nominee blitz

      August 1, 2025
    • Iran says it has ‘plenty of scientists’ left to restart uranium enrichment, despite US, Israeli strikes

      August 1, 2025

    Categories

    • Business (8,652)
    • Investing (2,168)
    • Politics (16,282)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved