Majority of businesses receiving 23bn in Covid grants could have survived without them, report finds

The report indicated that only a quarter of 1.4 million businesses receiving aid would have collapsed without it, raising concerns about the government's Covid spending.

While the grants helped safeguard around 300,000 jobs and increased economic confidence, many businesses that didn't need aid still received funds due to the rapid response.

Despite intentional aid, the analysis revealed that most firms could endure without support, leading to questions about waste and fraud within the Covid assistance programs.

The findings highlight the adverse long-term economic impacts of lockdowns including rising benefits demands and mental health-related worklessness afflicting the UK.

Read at Business Matters