The British minister left the government in a dispatch box and marched on the chamber of commerce over what he called about the treatment of fraudulent Covid business loan “boys.”
Sir Agnew, who learned that Alton had resigned from the Cabinet Office and Treasury posts, was described by the House of Lords as “one of the most dramatic moments ever seen.”
He surprised attendees by explaining that he felt unhappy working between the Department for Business, Energy and Industry Strategy (BEIS) and the Ministry of Finance.
When he finished his speech, Sir Agnew of the Conservatives closed his folder, said “Thank you, goodbye” and immediately left the room for applause.
He was asked to appear in front of his peers to renew a £ 4.3 billion Covid loan amortized by the Treasury, which the Labor Party said he had gone to a “scammer.”
Sir Agnew agreed that the Treasury had prioritized the speed of distribution of funds, but added that “what followed was desperately inadequate.”
He criticized BEIS and panel lenders’ “terrible” oversight of bounce back loans by the UK Business Bank, adding: Our economy or our society. “
Conservative peers said BEIS had “two anti-fraud staff” at the start of the pandemic and would not be “constructively involved” with the Cabinet Office’s anti-fraud team.
He continued: “There was a Schoolboy error, for example, allowing more than 1,000 companies to receive bounce back loans that they didn’t even trade when Covid attacked.”
Sir Agnew said he had “discussed” with Treasury and BEIS officials for nearly two years to “get them out of the game,” adding that “I almost failed.”
He also raised further concerns, including duplicate loans and a clear lack of ability to scrutinize lenders’ performance.
Sir Agnew said:
“For this reason, I sadly decided to immediately bid for my resignation as Minister of Finance and Cabinet Office.”
Sir Agnew denied that the scandal that loved Boris Johnson was the reason he resigned and apologized for the “inconvenience” that caused the prime minister.
He told his companions:
“It’s important for all obvious reasons, but if we’re just awake, there’s an income tax penny waiting to be charged.
“The total government-wide fraudulent losses are estimated at £ 29 billion a year. Of course, we can’t stop everything, but a combination of arrogance, laziness and ignorance freezes government machines.
“The actions taken today will probably give the government a sporting opportunity to reduce income taxes before the May 2024 election.
“If my removal helped make that happen, it would have been worth it.”
None of the 10 claimed that the government made it clear that the fraud was “unacceptable” and that he was “thankful” to Sir Agnew for his “significant contribution” over the years.
An official spokesman for the Prime Minister said:
“We have always made it clear that fraud is unacceptable and are taking steps against those who are abusing the system. 150,000 ineligible claims were blocked and £ 500 million was recovered last year. HMRC Tax Protection Task Force plans to collect an additional £ 1 billion of taxpayers. “Money. “