
Labour Insider Reassures BBL Defaulters in Exclusive Chat with Mike About the New Covid Corruption Commissioner

• Authorities have closed seven fraudulent firms that misled directors into dodging Bounce Back Loan debts, targeting vulnerable and dishonest businesses. […]
Businesses that overstated their turnover—whether intentionally or by error—to secure a Bounce Back Loan are urged to establish an affordable repayment plan immediately. With a final, limited opportunity to rectify their situation, failure to act promptly could trigger aggressive recovery measures by lenders or the Insolvency Service, potentially leading to director disqualifications or legal action.
[…]
Chancellor Rachel Reeves has appointed Tom Hayhoe, a former Tory cabinet adviser with extensive experience in healthcare and procurement, as the Covid Corruption Commissioner to recover £7.6bn in pandemic-related fraud, including £8.7bn in written-off PPE contracts and Bounce Back Loan (BBL) abuses.
Copyright © 2025 | Bounce Back Loan | Privacy Policy | Terms and Conditions | About Us