Current:Home > StocksUK’s opposition Labour Party says if elected it will track down billions lost to COVID-19 fraud -WealthSpot
UK’s opposition Labour Party says if elected it will track down billions lost to COVID-19 fraud
View
Date:2025-04-12 20:58:08
LIVERPOOL, England (AP) — Britain’s main opposition Labour Party says that if it wins power, it will appoint a “COVID corruption commissioner” to try and recoup some of the billions lost to fraud and waste during the pandemic.
Labour economy spokeswoman Rachel Reeves is due to outline the plan in a speech Monday at the party’s annual conference. She says the commissioner will bring together tax officials, fraud investigators and law enforcement officers will track down an estimated 7.2 billion pounds ($8.8 billion) in lost public money spent on grants and contracts related to COVID-19.
Like many countries, the U.K. was forced to sidestep usual rules as it rushed to procure essential supplies and prop up people’s livelihoods during the coronavirus pandemic.
Reeves told the BBC the Conservative government was “embarrassed” by the scale of the losses and “doing nothing to get that money back.”
A multi-year public inquiry is examining Britain’s handling of the pandemic, which left more than 200,000 people in the country dead.
Reeves’ announcement comes during a four-day conference in Liverpool, where Labour is trying to cement its front-runner status in opinion polls before an election due in 2024.
The party is running 15 or more points ahead of the governing Conservatives in multiple opinion polls, as Britain endures a sluggish economy and a cost-of-living crisis driven by the pandemic, the war in Ukraine and economic disruption following the U.K.’s exit from the European Union.
Labour is trying to show it can provide an alternative to Prime Minister Rishi Sunak’s Conservatives, who have been in power since 2010. But the opposition party is wary of promising big public spending increases that would require tax hikes.
Instead, the party says it will get the economy growing faster to fund public services. It’s pledging to build 1.5 million homes to ease Britain’s chronic housing crisis, reform an “antiquated” planning system it says is holding back infrastructure improvements, and repair the creaking, overburdened state-funded National Health Service.
Leader Keir Starmer has steered the social democratic party back toward the political middle-ground after the divisive tenure of predecessor Jeremy Corbyn, a staunch socialist who advocated nationalization of key industries and infrastructure. Corbyn resigned after Labour suffered its worst election defeat in almost a century in 2019.
In a sign of Labour’s improving fortunes, the party says more than 200 executives are taking part in a business forum at the conference on Monday. For years, businesses were wary of the party, which has its roots in the trade union movement, and tended to favor the Conservatives. But recent economic and political upheavals have made many think again.
veryGood! (3)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- From decay to dazzling. Ford restores grandeur to former eyesore Detroit train station
- Serial killer Rodney Alcala's trail of murder
- Few kids are sports prodigies like Andre Agassi, but sometimes we treat them as such
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- 'This team takes the cake': Behind Aaron Judge, New York Yankees having monster 2024 start
- Climate solution: Massachusetts town experiments with community heating and cooling
- In D3 World Series, Birmingham-Southern represents school that no longer exists: 'Most insane story'
- New data highlights 'achievement gap' for students in the US
- Man gets 43-year prison sentence in death of Detroit-area teen whose body is lost in landfill
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Stock market today: Asian shares start June with big gains following Wall St rally
- 'Pluie, rain': Taylor Swift sings in a downpour on Eras Tour's first night in Lyon, France
- Plan to attack soccer events during Paris Olympics foiled, French authorities say
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Dozens more former youth inmates sue over alleged sexual abuse at Illinois detention centers
- A German Climate Activist Won’t End His Hunger Strike, Even With the Risk of Death Looming
- Climber who died near the top of Denali, North America's tallest mountain identified
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Wall Street's surprise prophet: Technology stocks are expected to rise parabolically, and Nvidia's rise has just begun!
Douglas Brinkley and the lesson of Trump's guilty verdict
Beloved surfboard-stealing otter spotted again off Northern California shore
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
World War II veterans travel to France to commemorate 80th anniversary of D-Day
'Boy Meets World' cast reunites: William Daniels poses in photos with Danielle Fishel, other stars
Prosecutors to dismiss charges against Minnesota trooper who shot motorist Ricky Cobb