Covid fraud ‘three times bigger’ than estimate - reaching eye-watering £37billion, leading scientists claim

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Covid fraud ‘three times bigger' than estimate - reaching eye-watering £37billion, leading scientists claim.

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The Government is underestimating Britain's Covid fraud bill by more than £26billion, Oxford scientists claimed today as MPs grilled officials over the billions still missing from pandemic support schemes.The Public Accounts Committee today questioned ministers and the Covid Counter Fraud Commissioner over whether more than £9 billion lost to fraud and error can ever be recovered.

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Officials put total losses at £10.9billion.But researchers behind a four-year Oxford investigation concluded the true losses could have been closer to £37billion after bringing together evidence from the National Audit Office, HM Treasury, HMRC, Companies House, Action Fraud, Public Accounts Committee hearings, Freedom of Information requests and dozens of official reports.Rather than simply totalling known fraud, the investigation examined what happened when ministers rushed out £370 billion of emergency support while stripping away many of the normal safeguards designed to protect taxpayers' money....

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