Hot Topic – Mr Bounce Back – Bounce Back Loan Complaints and Scandals

Fireside Chat With NatWest, Business DebtLine and the Federation of Small Businesses

April 27, 2022

I recently rocked up at the offices of NatWest in London with a camera crew in tow and set about asking their team what help, and support is available to any of their customers who […]

Tom Scholar Permanent Secretary, HM Treasury Responds to Lord Agnew’s Claims, Revealing As He Does So That The Majority of Bounce Back Loan Recipients Details Will Not Be Made Public – However That Is Subject To An Appeal

April 1, 2022

You will find below a letter that Tom Scholar, Permanent Secretary, HM Treasury has written to Mel Stride the Chair of the Treasury Committee. Within it, Tom responds to the question of whether Bounce Back […]

As Resignations By People Associated with the Bounce Back Loan Scheme Increases, I Take a Look Back at The Top 10 Fraud Risks For The Bounce Back Loan Scheme As Reported by the National Audit Office

March 30, 2022

With Lord Agnew throwing his hands up in the air and choosing to resign his post as the Minister of State at the Cabinet Office and HM Treasury, one imagines allowing him to spend more […]

Three Missed Bounce Back Loan Repayments? That Is When That Magic May Just Happen

March 3, 2022

I have had plenty of feedback now regarding just what happens once you miss three Bounce Back Loan repayments to shine a light on just what happens next. A once dreaded snatch back type letter is […]

Sarah from BEIS Forced to Admit She Lied to the Public Accounts Committee and Confirms Bounce Back Loan Lenders Can Call on the Guarantee Rapidly if a Borrower Cannot Repay – Writing Off a Bounce Back Loan Quickly and Easily

February 24, 2022

It is always good to see Government departments dragged in and grilled for telling big wobbly lies, and that is what Sarah Munby from BEIS was forced to experience yesterday in front of the Public Accounts Committee, and she revealed how easy it is for a Bounce Back Loan lender to claim on the guarantee for a BBL that a borrower cannot repay. In a previous appearance […]

Statement by Rishi Sunak Regarding the “Writing Off” of Fraudulent Bounce Back Loans

January 26, 2022

A lot of people are concerned about fraud in our Covid support measures and they’re absolutely right to be. No, I’m not ignoring it, and I’m definitely not ‘writing it off’. Clearly criminals have sought […]

Minister of State for HM Treasury Lord Agnew Throws a Massive Hissy Fit in the House of Lords and Drops the Mother of all Bombs on the Bounce Back Loan Scheme – Popcorn Time Folks

January 25, 2022

For a Minister of State that voted against extra protections for anyone with a Bounce Back Loan, it’s fair to say not many people respected the ramblings of Lord Agnew, however yesterday he flipped his […]

The Webinar “Update on Challenging Your Bounce Back Loan” is Now Live

January 24, 2022

As promised here is the update from Wasif and James from Back British Business:

No Sign of Enforcement Action of Bounce Back Loan Debts – Possible Bank Collusion – All Eyes Now On the Financial Ombudsman Service With Regard to the Legal Challenge of BBL’s

January 21, 2022

It was good to have a catch-up last night with both Wasif and James from the Back British Business legal team, and as usual they did not hold back in giving some out some golden […]

The Number of “Won’t Pays” Increases Massively Now That the Collections and Recoveries Procedure Has Been Confirmed – Discover in Their Own Words Why Huge Numbers of Business Owners Have Decided NOT To Repay Their Bounce Back Loans

December 8, 2021

It was only going to be a matter of time before business owners en masse decided to take things into their own hands and collectively refuse to pay back their Bounce Back Loans, having seen […]