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Bounce back loans: Taxpayers may lose Р’Р€26bn on unpaid loans

Bounce back loans: Taxpayers may lose Р’Р€26bn on unpaid loans As much as 60per cent of crisis pandemic loans made underneath the Bounce straight Back scheme may never ever be paid back, a study because of the federal government’s investing watchdog claims. The nationwide Audit workplace (NAO) stated taxpayers could lose just as much as Р’Р€26bn, from fraudulence, organised crime or standard. The lending scheme carried lighter checks than the others and had been targeted at small enterprises not able to access other pandemic capital…

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