Premium Content

More Scrutiny of BBLs

Government Commissions Company Employing Ex-Mi5 Head Jonathan Douglas Evans as An Advisor to Track Down Bounce Back Loan Wrongdoers – Read the Contract

October 24, 2021

Who would have thought when Rishi Sunak launched his Bounce Back Loan scheme along with the CBILS, CLBILS and Future Fund schemes, he would have to turn to a company that counts an ex-Director General of Mi5 on its payroll to try and sniff out potential fraudsters of those schemes, well that is what he is doing, and here is the contract awarded to that company. […]

BBL Loopholes

Lord Sikka Reveals Corrupt Insolvency Practitioners, Insolvency Service Problems, Companies House and Italian Mafia Bosses and Loopholes in the Supposed Loophole Closing Bill That Aims to Hit Company Directors Hard for Bounce Back Loan Wrongdoing

October 21, 2021

On the day the Coronavirus Act was extended, the “Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill” was up for debate in the House of Lords, and it turned out to be a somewhat lively and revealing debate with Lord Sikka letting rip and referencing, amongst other things the Italian Mafia and loopholes the Bill does not apparently close. […]

Premium Content

House of Commons Library BBL Document was Riddled with Inaccuracies and Suggests Sole Traders Should Ask Their Bank If They Can Pay Themselves an Income with Their Bounce Back Loan as the “Banks Set the Rules”

October 18, 2021

It is no surprise that many MPs did not have a clue about the inner workings of the Bounce Back Loan scheme and couldn’t help their constituents with BBL related problems when you discover the nonsense offered to them as guidance by way of documents related to the scheme available in the House of Commons Library. […]

BBL Complaints and Outcomes

Two Recent Financial Ombudsman Service Determinations Regarding a Royal Bank of Scotland and a Bank of Scotland BBL Related Complaint – They Find Errors Were Made by The Banks But Do Not Uphold Complaints

October 15, 2021

As you will see from the following two complaints sent to the Financial Ombudsman Service even though errors were made by the Royal Bank of Scotland and the Bank of Scotland the do not uphold the complaints, one relating to the decline of a BBL and the other regarding a blocked bank account after customer received a Bounce Back Loan. […]