Lord Agnew resigns in parliament after £4.3bn write-off, saying oversight of loans scheme had been ‘nothing less than woeful’
Boris Johnson suffered another major blow to his authority on Monday after a Treasury minister staged a dramatic public resignation over the government’s decision to write off £4.3bn in fraudulent Covid loans.
Theodore Agnew, a Treasury and Cabinet Office minister, called the oversight of the scheme “nothing less than woeful” and accused officials of “schoolboy errors” on multiple fronts.