An artist with Royal, political and sports celebrity connections has been caught abusing a BounceBack Loan. The Insolvency Service says the case is a warning that there are consequences following disqualification which is a lengthy exclusion from trading with the benefit of limited liability. The Insolvency Service has reported that artist Darren Baker has abused […]

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Fraud and error in public spending are estimated to cost the taxpayer up to £51.8 billion every year. Around £25 billion is outside the tax and benefits system, according to a report published by the Public Accounts Committee. From April 2020 to March 2021, fraud within Universal Credit rose to an all-time high of 14.5%, […]

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Rather than excluding the newly self-employed and company directors in accessing Bounce Back loans, the government should be supporting them to keep their businesses alive, generate new business and create new jobs. This is the line of thinking of The Federation of Small Businesses (FSB). Of the 28 lenders accredited under the Bounce Back Loan […]

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Bounce Back loans, the most popular HM Treasury support measure, used by SMEs are running low, according to new findings.1 Despite the small and medium-sized businesses surveyed being aware that they can get more HM Treasury support by applying for larger loans through the Coronavirus Business Interruption Loan Scheme (CBILS), many did not know that […]

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