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Lord Theodore Agnew, who has served as UK minister for efficiency and transformation in the Treasury and Cabinet Office since February of last year, announced his resignation in the House of Lords on Monday. Agnew criticized particular departments for failures to combat pandemic loan fraud and declared, “thank you and goodbye,” to applause from the house.
The peer’s decision was spurred on by what he claims is the lack of action by government departments on combating fraudulent Covid-related loans. Agnew had been tasked with heading the efforts to combat Covid loan fraud, but said on Monday that he cannot defend the government’s “lamentable track record” on the issue.
Here's the moment Lord Agnew resigned from the government to cheers and applause in the House of Lords:"Thank you and goodbye" pic.twitter.com/kft4eL0hKl
“Given that I am the minister for counter fraud, it would be somewhat dishonest to stay on in that role if I am incapable of doing it properly,” he said. “It is for this reason that I have sadly decided to tender my resignation as a minister across the Treasury and Cabinet Office with immediate effect.”
The government’s Bounce Back Loan Scheme (BBLS) supported over one million businesses with more than £47 billion (over $63bn) in payments during the pandemic in an effort to offset losses caused by shutdowns.
Here's the moment Lord Agnew resigned from the government to cheers and applause in the House of Lords:"Thank you and goodbye" pic.twitter.com/kft4eL0hKl— Sebastian Payne (@SebastianEPayne) January 24, 2022
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