Covid related fraud cost every UK adult the equivalent of up to £1,000, figures show.

The analysis, carried out by Oxford University’s Centre for Evidence Based Medicine, reveals the bill for pandemic counter measures, such as furlough and Track and Trace amounted to £370 billion. This equates to an average cost of £10,000 to each UK adult. Approximately ten percent of this spend was lost to fraud, mainly through government loan schemes, which allowed businesses to borrow tens of thousands of pounds to keep them afloat amid rolling lockdowns.

https://collateralglobal.org/article/covid-fraud-cost-each-adult-1000/