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

Businesses using estimated turnover for Bounce Back Loans are urged to save calculations to counter fraud accusations from November 2025 onward. […]
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.
HMRC, the Cabinet Office, and the Department of Business and Trade have identified Bounce Back Loan recipients whose reported turnover didn’t match their applications or who claimed loans despite not being VAT-registered. This scrutiny signals tougher enforcement against loan misuse. […]
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