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

Twelve engineering companies participate in pilot Academy programme...

July 18, 2023

What Jobs Can You Pursue After Completing A...

March 10, 2023

Thomas Peter Maletta Discusses The Trial And Error...

March 14, 2024

Retailers Rush to Secure Christmas Stock Amidst Soaring...

June 3, 2024

UK and India can ‘work through’ trade deal...

September 10, 2023

Closure of Staffordshire custard factory puts 300 jobs...

January 20, 2023

UK’s growth stage sector urges government to ‘go...

November 9, 2022

Justin King Backs £50m Fund to Invest in...

April 2, 2024

Top CRM Software for Small Businesses

December 6, 2024

Port of Dover to reclaim land from sea...

September 5, 2023

    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

    • What Is the Opportunity Cost of State AI Policy? A New Cato Policy Analysis Discusses

      June 10, 2025
    • ‘Blazing the trail for others’: easyJet founder Sir Stelios awards £300,000 to disabled entrepreneurs transforming care, baking and logistics

      June 10, 2025
    • Republicans challenge ‘irrelevant’ budget office as it critiques Trump’s ‘beautiful bill’

      June 10, 2025
    • Greta Thunberg deported from Israel after Gaza-bound ‘selfie yacht’ was seized

      June 10, 2025
    • Judge restricts DOGE access to federal databases, finding ‘breach of law and trust’

      June 10, 2025
    • GOP unveils new weapon to help slash billions in government waste as Republicans rally behind Trump’s plan

      June 10, 2025

    Categories

    • Business (8,175)
    • Investing (2,023)
    • Politics (15,584)
    • Stocks (3,138)
    • 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