The use of COVID PCR tests for "mass testing" of asymptomatic individuals in the UK has resulted in the number of positive "cases" corelating more closely with the number of tests performed than with other measures[1], such as the number of people in hospital or dying with respiratory symptoms. This has been used to justify more extreme lockdown measures.
There have been estimates of the false positive rate[2] but it is likely to vary widely as the tests are administered by untrained personnel and not stored according to the manufacturer's recommendations. Those who test positive in the UK are not usually given confirmatory tests as they are immediately required to isolate, resulting in a large number of current "cases" which may be false positives[3].
[1]https://www.anhinternational.org/news/is-there-a-waning-pand...
[2]https://www.thelancet.com/journals/lanres/article/PIIS2213-2...
[3]https://www.cebm.net/covid-19/pitfalls-of-repeat-testing-ill...