pandemic

Pandemic business loan fraud losses rise by £500m

25th February 2025 Business Lending | #business loans#pandemic

More than 10,000 additional cases of suspected Covid loan fraud have been identified following a government review of settled loans. The British Business Bank review of loans which had been defaulted on and settled by the Government shows that the number for the 2023 financial year has almost doubled from 16,846 to 31,437. The fraudulent loans for…

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1.8m Scots have taken a financial hit during the pandemic

15th March 2022 Consumer Collections | #pandemic

Over 1.8 million adults in Scotland have seen their finances get worse during the Covid pandemic, according to new analysis from Citizens Advice Scotland (CAS). Polling for the charity by YouGov found 41 per cent of Scottish adults found their financial position got worse during the pandemic, with 15 per cent saying their position has…

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Covid impact creates £114.8bn damage to hospitality industry

18th February 2022 Commercial Credit Management | #pandemic

The hospitality sector has urged the Chancellor to extend VAT support beyond April, with industry body UKHospitality saying the pandemic had resulted in almost nearly £115bn of lost sales for its businesses since March 2020. The sector was hit first and hit hardest by coronavirus, the sector has racked-up £114.8bn sales lost versus what was…

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