Current:Home > StocksUK’s opposition Labour Party says if elected it will track down billions lost to COVID-19 fraud -MarketStream
UK’s opposition Labour Party says if elected it will track down billions lost to COVID-19 fraud
View
Date:2025-04-12 13:23:59
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! (9281)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Biden signs short-term government funding bill, averting a shutdown
- 2nd suspect convicted of kidnapping, robbery in 2021 abduction, slaying of Ohio imam
- 'Wait Wait' for January 20, 2024: With Not My Job guest David Oyelowo
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- A probe into a Guyana dormitory fire that killed 20 children finds a series of failures
- Brutally cold weather expected to hit storm-battered South and Northeast US this weekend
- Zayn Malik’s Foot Appears to Get Run Over by Car During Rare Public Appearance
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Walmart managers to earn at least $128,000 a year in new salary program, company announces
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Father of American teen killed in West Bank by Israeli fire rails against US support for Israel
- Zelenskyy calls Trump’s rhetoric about Ukraine’s war with Russia ‘very dangerous’
- Walmart managers to earn at least $128,000 a year in new salary program, company announces
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- Jaafar Jackson shows off iconic Michael Jackson dance move as he prepares to film biopic
- A Hindu temple built atop a razed mosque in India is helping Modi boost his political standing
- Social media and a new age of cults: Has the internet brought more power to manipulators?
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Do you know these famous Aquarius signs? 30 A-listers (and their birthdays)
What makes C.J. Stroud so uncommonly cool? How Texans QB sets himself apart with rare poise
Inside Kylie Jenner and Timothée Chalamet's Very Public Yet Private Romance
What to watch: O Jolie night
Some 500 migrants depart northern Honduras in a bid to reach the US by caravan
North Carolina school board backs away from law on policies on pronouns, gender identity instruction
‘Access Hollywood’ tape of Trump won’t be shown to jury at defamation trial, lawyer says