£16BN lost to fraud and error in COVID business support schemes
It is currently estimated that the UK Government has lost as much as £16Bn as a result of fraud and error across the emergency COVID-19 schemes such as Bounce Back Loans, Coronavirius Business Interruption Loan Schemes and Furlough to name the three best known. Latest figures show that the government loaned or guaranteed amounts reaching […]
Zombie Companies : The Walking Dead of Business
The support offered by the government in light of the pandemic has further deepened the divide between those companies who have prospered and those who have and are facing worries over their futures. In the former, are eCommerce businesses who have in the main flourished, these include digital communications and logistics given the enforced need […]
What happens if you Don’t Pay Back a Bounce Back Loan?
Before you start wondering about what would happen if you were to default repayments to Bounce Back loan, it is important to understand how it works. Let us discuss what BBLS is. The pandemic has lead to troubling and challenging times, especially for small to medium-sized businesses (SMEs) that depend on their day-to-day operation to […]