A question on #BounceBackLoanScheme #Fraud tabled by Baroness Finn on 03-06-2025 has been answered by Baroness Jones of Whitchurch.

Heading: Bounce Back Loan Scheme: Fraud
Question ID: 1809040
UIN: HL8028
House: Lords
Date tabled: 2025-06-03
Asking Member ID: 4567
Asking Member display name: Baroness Finn
Asking Member handle:
Asking Member Twitter reference: Baroness Finn
Member interest: false
Question text: To ask His Majesty's Government, further to the Department for Business and Trade annual report and accounts 2023 to 2024, published on 24 April (HC 391), what evidence supports the decision to reduce the estimated 9.7 per cent fraud and error incidence r
Is named day: false
Date of holding answer:
Date answered: 2025-06-17
Date answer corrected:
Is holding answer: false
Is correcting answer: false
Answering Member ID: 3792
Answering Member display name: Baroness Jones of Whitchurch
Answering Member handle: WhitchurchGirl
Answering Member Twitter reference: @WhitchurchGirl
Correcting Member ID:
Correcting Member display name:
Correcting Member handle:
Correcting Member Twitter reference:
Answer text: On 30 January, the Department for Business and Trade published its annual report and accounts for 2023/2024.The report states that the “fraud and error incidence rate” in the Bounce Back Loan Scheme (BBLS) has increased from 8.0% at 31 March 2023 to 9.7% ...
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Answering body ID: 214
Answering body name: Department for Business and Trade
Tweeted: true