March 2022 – Page 2 – Mr Bounce Back – Bounce Back Loan News – Updates

Santander Say Goodbye to Another Bounce Back Loan as Another Company Director Takes the Insolvency Route and Receives a 4 Year Disqualification for Using that Loan for Personal Benefit

March 28, 2022

When asked if Santander would be relying on the Treasury guarantee if they cannot recover fraudulent funds, Susan Davies, Head of Business Banking, Santander UK said Yes, and as such one imagines today’s case which resulted in a 4-year disqualification for a Company Director will see the BBL associated with that case being paid back to her bank by HM Treasury. […]

The Letter Lord Agnew Sent to the British Business Bank Which They Claim “Got Lost” and He Claims is Being Blocked for Release By Anyone Requesting an FOI Request on it

March 27, 2022

For those of you that are interested, here is a copy of the letter that Lord Agnew sent to the British Business Bank which the latter claim they never got. But before you see it, […]

Three More Bounce Back Loan Related Complaints About Santander That the Financial Ombudsman Service Did Not Uphold

March 27, 2022

Due to the fact that Bounce Back Loan lenders could ultimately decide who they would lend money to as part of that scheme, and as many of them would only accept their own customers, lots of business owners missed out on getting one, or were forced to spend […]

Jim Harra Chief Executive and First Permanent Secretary for HMRC Weighs Into the BBL Scheme Scandal and Says His Department Were Helping Combat Over-Egging of Turnover to Bag a BBL Albeit Very Late

March 26, 2022

As you will see in the letter below, HMRC were helping combat the over-egging of turnover by some SME’s to bag a BBL. Albeit they were a tad late to the party. This is something […]

Ombudsman Thinks £250 Compensation Is Fair For Barclays Leaving a Customer Dangling for 8 Months Before they Could Apply for a Bounce Back Loan

March 26, 2022

Today I will be presenting to you another Ombudsman decision, this one refers to a shocking 8 month wait one Sole Trader had to endure before Barclays finally got their finger out and opened that customer a Business Account and let them apply for a Bounce Back Loan. […]

Taking the Insolvency Route Lands Company Director with a 6 Year Disqualification When Its Discovered He Used a Metro Bank Bounce Back Loan for Personal Benefit

March 25, 2022

It is the turn, yet again, of Metro Bank to see yet another of their Bounce Back Loans turning sour, and today’s case reveals why a Company Director was hit with a 6 year disqualification for BBL wrongdoing with the proceeds of that loan. […]

Guidance On the Effect of a Disqualification Made Against You By The Company Directors Disqualification Act 1986 (CDDA), Or You Have Given a Disqualification Undertaking to the Secretary of State That Has Been Accepted

March 24, 2022

With the number of people having been slapped with a Disqualification for some form of wrongdoing associated with a Bounce Back Loan increasing almost daily, the Insolvency Service have had the foresight to update and […]

Who Is Telling the Truth on Bounce Back Loan Fraud? Let’s Look At The Figures Being Officially Banded About

March 23, 2022

I have been busy digesting and trying to make sense of the facts and figures announced recently relating to Bounce Back Loans, and today I will lay out some interesting ones. The first figure that […]

News Flash – Another Mr Bounce Back “Fireside Chat” Coming Soon – This Time With a Major Bounce Back Loan Lender

March 22, 2022

Just wanted to update you on the project I have been working tirelessly on since my visit to Westminster. I was approached by one of the bosses of a major bank in the Palace of […]

Today I Have Issued and Sent the Following Notice of Grave Concern to the Chair and Members of the Treasury, Public Accounts and BEIS Strategy Committees Re Their Obsession in Naming BBL Recipients