UK counts £52bn cost of fraud

UK counts £52bn cost of fraud

Fraud is costing the UK economy billions of pounds a year, new research has found.

The Annual Fraud Indicator, compiled by the National Fraud Authority (NFA) and published on 6 June, put the annual cost at £52 billion.

Private businesses were estimated to have suffered total fraud losses of £15.9 billion while the public sector faced a £20.6 billion fraud bill. The cost to individuals was put at £9.1 billion, while charities were estimated to have suffered losses of £147 million. Fraud affecting financial and insurance activities was put at £5.4 billion.

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Red tape freeze extended to more businesses

Red tape freeze extended to more businesses

A freeze exempting small businesses from some new regulations is to be extended to larger enterprises.

Business Minister Michael Fallon announced on 6 June that the freeze exempting businesses with fewer than ten employees from burdensome new regulations would be extended to firms with up to 50 staff, and will continue from 2014.

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Seeing the wood for the trees

Seeing the wood for the trees

It can be easy to ignore a problem and hope that it goes away – but eventually, it becomes evident that you have to roll up your sleeves and deal with it! If your problem is cleaning the bathroom (even after having all the family in the house over the Christmas period) then that’s not too bad, but it can be a different matter entirely Read more…