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UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

News | Digital Identity, Security & Online Fraud | 08 Oct 2020

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, loan scheme, Starling Bank, TIde, COVID-19, small businesses, fintechs, sole trader business accounts