Recommendation 21

HM Treasury told us that it is currently considering its longer-term approach to the management of COVID-19 legacy schemes, including the outstanding loans to businesses. It has not yet decided whether there is benefit in consolidating loan books across departments. As part of its overall monitoring of the economy, it is gathering information on how the loans are affecting businesses across different sectors, and to what extent the management of the loan books is achieving a range of economic policy objectives.39 31 The COVID-19 cost tracker, available at: COVID-19 cost tracker – National Audit Office (NAO) 32 Q 47 33 Q 46 34 Q 60 35 Q 46 36 Q 47; The COVID-19 cost tracker, available at: COVID-19 cost tracker – National Audit Office (NAO) 37 Qq 45, 49 38 Qq 46, 60, 61 39 Q 66 14 COVID 19: Cost Tracker Update 3 The post-pandemic recovery Spending on the recovery