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

Tractors Gather at Parliament in Farmer Go-Slow Protest

March 26, 2024

Roy Sebag discusses The Natural Order Of Money

December 12, 2022

Stocks Rise as Rishi Sunak Becomes Prime Minister

November 10, 2022

How to Boost Employee Engagement in a Hybrid...

March 22, 2024

145,000 Bounce Back Loans worth £3.8bn in Arrears

May 3, 2023

Understanding the Difference Between a Marketing & Lead...

May 3, 2024

Millions of people not working is ‘unacceptable’ says...

July 11, 2024

Gary Neville: from the pitch to the boardroom

June 3, 2025

Grocery inflation eases as supermarkets ramp up promotions...

February 4, 2025

Optimising Pallet Delivery for Business Success

February 2, 2024

    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

    • The Best Five Sectors, #22

      June 9, 2025
    • Half of Brits would trust AI for legal advice, survey finds – but experts urge caution

      June 9, 2025
    • Business leaders paralysed by risk warn BDO as caution stifles growth

      June 9, 2025
    • Starmer pledges £1bn investment to supercharge UK tech and AI infrastructure

      June 9, 2025
    • 5 terrifying flashpoints that could ignite global war

      June 9, 2025
    • HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap

      June 9, 2025

    Categories

    • Business (8,161)
    • Investing (2,019)
    • Politics (15,572)
    • Stocks (3,137)
    • 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