Refusal to reveal which companies received state-backed loans hurt the UK’s reputation, a tribunal heard
The failure to name which companies received state-backed loans totalling £80bn during the Covid pandemic has put the UK’s reputation as a trusted place to do business at risk, a tribunal has heard.
The warnings by anti-corruption campaigners and a leading fraud expert were made on the first of a three-day tribunal challenging the state-owned British Business Bank (BBB) and Information Commissioner over their decision to keep the names of loan recipients under wraps.
