HMRC’s Jim Harra Addresses BBL Scandal, Admits Late Efforts to Curb Turnover Inflation for Loan Approvals
Special Reports
Government Acknowledges Certain Bounce Back Loan Lenders Repeatedly Entered Business Owners’ Details into the BBL Portal, Were Later Caught Attempting to Exploit the BBL Scheme, and Lost Their Guarantees – Resulting in Innocent Business Owners Being Wrongly Flagged as Suspected Fraudsters
The government admits some lenders’ portal misuse led to innocent Bounce Back Loan borrowers being wrongly flagged as fraudsters after guarantee losses. […]
Special Reports
Starling Bank Escalates High Court Winding-Up Petitions Against Limited Companies in Coming Weeks, Potentially Triggering Pursuit by “Bounce Back Loan Bounty Hunters”
Starling Bank ramps up High Court wind-ups, setting the stage for “Bounce Back Loan bounty hunters” to chase defaulting companies in weeks ahead. […]
Special Reports
British Business Bank Warns Those Who Used Dormant Off-the-Shelf Companies to Secure Bounce Back Loans to Reconsider Their Actions
The BBB cautions those who used dormant companies to snag BBLs to rethink their choices. We dive into the risks of this shady tactic. […]