Britain’s Treasury will get 1 billion stg windfall from repaid furlough money -FT By Reuters


© Reuters. FILE PHOTO: Pedestrians walk past the HM Revenue & Customs Building in Whitehall, London, December 14, 2012. REUTERS / Suzanne Plunkett

(Reuters) – UK companies have over £ 1bn (£ 1.40bn)

Corporations have repaid HM Revenue & Customs £ 709 million claimed under the government’s coronavirus job retention program, the newspaper said, with an additional £ 319 million being returned as misappropriated monies.

The paper cited data obtained through a Freedom of Information Request (FOI). The amount is still far less than the total of £ 64 billion the Treasury Department spent on the vacation program as of May 14th.

($ 1 = 0.7144 pounds)

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