Reports suggest that UK will have to face financial crisis for decades

12:00:00 AM, Monday 26th of July 2021 | in business

According to MPs' findings released on Sunday, the British government will face financial risks for decades because of its 372 billion pound pandemic expenditure. The Public Accounts Committee (PAC) warned in two reports on Prime Minister Boris Johnson's government's reaction to the epidemic that lessons needed to be learned before a scheduled public investigation in 2022. The PAC cited an estimated loss of 26 billion pounds due to fraud.