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“When we [Rishi Sunak] both worked in the Treasury, myself and other ministers raised the issue of Covid loan fraud. You dismissed us, and it has cost taxpayers £17 billion.”

Kemi Badenoch, Conservative Leadership Candidate, ITV Conservative Leadership Debate

17 July 2022

Facts

As the fact checking organisation Full Fact shows, £17 billion is not the cost of Covid loan fraud, but the total amount estimated by the government to have been lost from loan schemes supporting businesses during the pandemic. An estimated £4.9 billion of that amount is fraud.

Verdict

Kemi Badenoch dialled up the wrong number. 

We emailed Kemi Badenoch’s office offering her the chance to respond. The email was received, but no reply.  

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