Responding to today's announcement of new bounce back loans, Duncan Simpson, research director at the TaxPayers' Alliance, said:
"With UK loans lagging behind Swiss and German schemes, the chancellor is right to heed our advice to streamline the support and open up emergency cash to the small firms who need it.
“Having accepted that the extraordinary measures to tackle the coronavirus crisis, Brits want to see taxpayer-funded support delivered quickly and efficiently, without reams of red tape standing in the way.
"With the process streamlined, ministers can protect taxpayers with more stringent legal measures under the Fraud Act, to fine and prosecute those who try to cheat the system.”
TPA spokesmen are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media Campaign Manager, TaxPayers' Alliance
24-hour media hotline: 07795 084 113 (no texts)
- Founded in 2004 by Matthew Elliott and Andrew Allum, the TaxPayers’ Alliance (TPA) fights to reform taxes, reduce spending and protect taxpayers. Find out more about the TaxPayers' Alliance at www.taxpayersalliance.com.
- TaxPayers' Alliance's advisory council.
- Today, the TaxPayers' Alliance released a briefing note on take-up rates of covid-19 business loans, calling on the government to cut red tape in order to hasten business' ability to access loans.
- In March 2020 the TaxPayers' Alliance released an official statement on the coronavirus.