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Uncertainty over £400m of Covid loans yet to be paid back
There is a “high degree of uncertainty” over how much of the hundreds of millions of pounds lent to sports bodies during the Covid pandemic will be repaid, says an influential group of MPs.
In a report, the Public Accounts Committee (PAC) criticises “severe weaknesses” in the way the Department of Culture, Media and Sport (DCMS) handled the loans, and that it has been “overly optimistic” about repayments.
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