{"id":48720,"date":"2021-07-26T10:30:14","date_gmt":"2021-07-26T06:30:14","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48720"},"modified":"2021-07-26T10:30:21","modified_gmt":"2021-07-26T06:30:21","slug":"british-mps-report-the-uk-will-be-exposed-to-financial-risks-for-decades-due-to-the-cost-of-the-corona-pandemic","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/british-mps-report-the-uk-will-be-exposed-to-financial-risks-for-decades-due-to-the-cost-of-the-corona-pandemic\/07\/26\/economic-reports\/","title":{"rendered":"British MPs Report: The UK Will be Exposed to Financial Risks For Decades Due to The Cost of The Corona Pandemic"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Reports by British parliament members said that the government will be exposed to financial risks for decades as a result of spending 372 billion pounds on the Corona pandemic, adding that more than two billion pounds has been spent on unusable protection tools.<\/p>\n\n\n\n<p>The Parliament&#8217;s Public Accounts Committee said in two reports on Prime Minister Boris Johnson&#8217;s government&#8217;s response to the Covid-19 pandemic that lessons must be learned before a public inquiry scheduled for 2022.<\/p>\n\n\n\n<p>The committee highlighted a loss estimated at 26 billion pounds through fraud and default on loans granted to companies to help them face the pandemic, as an example of the ongoing financial risks.<\/p>\n\n\n\n<p>In a second report, the commission said there were also &#8220;unacceptably high&#8221; levels of waste due to the purchase of 2.1 billion pieces of inappropriate personal protective equipment, equivalent to more than \u00a32 billion in public money.<\/p>\n\n\n\n<p>The government said that only 0.84% \u200b\u200bof all PPEs were found to be unfit for use and that it had plans to repurpose those items that could not be used in health services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reports by British parliament members said that the government will be exposed to financial risks for decades as a result of spending 372 billion pounds on the Corona pandemic, adding that more than two billion pounds has been spent on unusable protection tools. The Parliament&#8217;s Public Accounts Committee said in two reports on Prime Minister &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[49],"tags":[6863,6835],"class_list":["post-48720","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economic-reports","tag-covid-19-2","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=48720"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48720\/revisions"}],"predecessor-version":[{"id":48721,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48720\/revisions\/48721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31846"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}