Thread: Coronavirus
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Old 02-02-2022, 00:07   #1566
1andrew1
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Re: Coronavirus
Quote:
UK squanders £10bn on defective or unsuitable PPE during pandemic

Health department accounts show largest writedown was £4.7bn for stock bought for higher than current market price

The UK squandered almost £10bn on defective, unsuitable and overpriced personal protective equipment as ministers rushed to meet unprecedented demand at the height of the coronavirus pandemic.

The losses, revealed in the Department of Health and Social Care’s annual report, will put more pressure on the government over its response to the Covid-19 crisis. It follows the recent resignation of Lord Theodore Agnew, the minister responsible for Whitehall efficiency, who criticised the UK government’s “lamentable record” on tackling fraud in a state-backed coronavirus business loan scheme.

The report shows the government had to write down £4.7bn spent on equipment because the market price of equivalent stock was lower than the price paid. An additional £4bn was spent on kit that was either faulty or surplus to requirements.
https://www.ft.com/content/740aa990-...b-0a5ce50b55c8
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