For those of you that like facts and figures, here is a letter that Hannah Bernard, Head of Business Banking at Barclays recently sent the Chair of the Business, Energy and Industrial Strategy Committee as correspondence to that Committee after her recent attendance in front of them, and it relates to the number of Bounce Back Loan her bank approved and were drawn down:
Barclays Confirm That in Total They Approved 345,006 Bounce Back Loans Worth £10.818 billion That Were Subsequently Drawn Down
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Corruption Commissioner
HMRC, Cabinet Office and the Department of Business and Trade Have Now Flagged Bounce Back Loan Recipients Whose Actual Turnover Didn’t Match Their BBL Application and/or LTD Companies Who Were Not Registered for VAT But Declared a BBL Turnover Figure That Required VAT Registration