No Result
View All Result
Success American Investors
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Success American Investors
No Result
View All Result
Home Investing

COVID corruption commissioner unlikely to recover taxpayers’ money

by
December 5, 2024
in Investing
0
COVID corruption commissioner unlikely to recover taxpayers’ money
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The appointment of Tom Hayhoe as the UK’s COVID corruption commissioner has been criticised as unlikely to recover significant taxpayer funds, according to leading audit and advisory firm Blick Rothenberg.

Fiona Fernie, a partner at the firm, questioned the value of the role, particularly given the time elapsed since the alleged corruption took place during the pandemic.

“Four years after the events occurred, it’s unclear why Rachel Reeves believes this appointment will achieve more than previous investigations, including the National Audit Office’s 2020 review or the Boardman Review in 2021,” Fernie said.

Hayhoe’s 12-month tenure has also been criticised as insufficient for such a complex inquiry. Fernie warned that those involved in questionable activities during the pandemic have had years to obscure evidence, making recovery efforts even more challenging.

Although Hayhoe is expected to provide recommendations on future government procurement processes during crises, Fernie questioned what additional insights this could offer beyond existing reviews, including the COVID inquiry led by Baroness Heather Hallett and the National Crime Agency’s ongoing investigations into potential PPE-related criminal offences.

The delay in appointing Hayhoe has also come under scrutiny. Despite being a Labour manifesto pledge, it took five months into their government for the appointment to be finalised, with frequent public promises of an imminent announcement.

Fernie expressed support for efforts to investigate fraud and recover public funds but cautioned that the cost of Hayhoe’s role might outweigh the financial recoveries it achieves. “This appointment may easily cost the Exchequer more than it will recover and is unlikely to bring any new information to light,” she said.

The criticism raises broader questions about the effectiveness of retrospective investigations and the balance between accountability and the cost of pursuing historical cases.

Read more:
COVID corruption commissioner unlikely to recover taxpayers’ money

Previous Post

High-Performance Vehicle Battery Co-Developed by FEV and ProLogium

Next Post

“Odisha’s Maritime Heritage Takes Center Stage at the Inaugural Bali Jatra UK 2024”

Next Post

“Odisha’s Maritime Heritage Takes Center Stage at the Inaugural Bali Jatra UK 2024”

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

February 14, 2024

Last Day to Give in 2023!

December 31, 2023
Idaho Bucks Managed Care Trend

Idaho Bucks Managed Care Trend

December 5, 2023

The Producer Price Index

September 9, 2023
A Win for Liberty: Congress Defunds CPB, NPR, and PBS

A Win for Liberty: Congress Defunds CPB, NPR, and PBS

0

0

0

0
A Win for Liberty: Congress Defunds CPB, NPR, and PBS

A Win for Liberty: Congress Defunds CPB, NPR, and PBS

July 23, 2025

How Long to Wait Before Sleeping After Eating – Ideal Time to Stop Food Before Bed

July 23, 2025
General Motors profits tumble by a third as Trump tariffs deliver $1.1bn blow

General Motors profits tumble by a third as Trump tariffs deliver $1.1bn blow

July 23, 2025
AstraZeneca to invest $50bn in US amid pressure from Trump administration

AstraZeneca to invest $50bn in US amid pressure from Trump administration

July 23, 2025

Recent News

A Win for Liberty: Congress Defunds CPB, NPR, and PBS

A Win for Liberty: Congress Defunds CPB, NPR, and PBS

July 23, 2025

How Long to Wait Before Sleeping After Eating – Ideal Time to Stop Food Before Bed

July 23, 2025
General Motors profits tumble by a third as Trump tariffs deliver $1.1bn blow

General Motors profits tumble by a third as Trump tariffs deliver $1.1bn blow

July 23, 2025
AstraZeneca to invest $50bn in US amid pressure from Trump administration

AstraZeneca to invest $50bn in US amid pressure from Trump administration

July 23, 2025

Disclaimer: SuccessAmericanInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.