
Companies House Cracks Down on BBL Fraud with Harsh Penalties and Prosecutions

Louis Taylor, CEO of the British Business Bank, has cautioned Covid Corruption Commissioner Tom Hayhoe that aggressively pursuing businesses for inflating turnover to secure Bounce Back Loans could lead to widespread loan defaults, undermining the recovery of funds. […]
Businesses using estimated turnover for Bounce Back Loans are urged to save calculations to counter fraud accusations from November 2025 onward. […]
The Covid Corruption Commissioner pushes to hold BBL lenders accountable for fraud database lapses, yet Rachel Reeves may prioritize housing and export deals over action. […]
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