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iPlayer- missing £50,000 business bank loans

(5 Posts)
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Bea65 Fri 29-Dec-23 18:33:16

Enraged at the facts of this business bank loan documentary-during Covid which have seen criminals get away with fraud in the millions- where is the accountability of Government and who processed these loans without a full credit check- am astonished that this has been swept under the carpet 🫨

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MerylStreep Fri 29-Dec-23 18:42:20

Tax payer to loose £26 billion

www.theguardian.com/politics/2020/oct/07/fears-grow-over-uk-firms-ability-to-repay-covid-business-loans

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Katie59 Fri 29-Dec-23 19:07:28

There were a lot of small businesses, pubs and restaurants were high on the list, who took the loans, paid off the bank and walked away. That was not really what the loan was for, it helped the bank of course, but the money has gone

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GrannyGravy13 Fri 29-Dec-23 19:10:04

Katie59

There were a lot of small businesses, pubs and restaurants were high on the list, who took the loans, paid off the bank and walked away. That was not really what the loan was for, it helped the bank of course, but the money has gone

By walking away, do you mean that they went out of business? Or are you suggesting they intentionally folded their businesses?

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Katie59 Sat 30-Dec-23 08:35:15

GrannyGravy13

Katie59

There were a lot of small businesses, pubs and restaurants were high on the list, who took the loans, paid off the bank and walked away. That was not really what the loan was for, it helped the bank of course, but the money has gone

By walking away, do you mean that they went out of business? Or are you suggesting they intentionally folded their businesses?

The business was failing the creditors were a problem so they threw the towel in without actually going bankrupt.

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