Government losing battle against fraud
The government’s struggle to shore up the budget deficit is being undermined by its losing battle to contain serious fraud.
According to new data release by KPMG government fraud has increased by 142% over the last three years as a new generation of criminals target payment systems.
The Fraud Barometer shows that levels of fraud surged to £693m in 2010/11 up from £286m in 2008/09. Fraud against government, perpetrated by professional criminals, rose by 90% from £277m in 2008/09 to £527m in 2010/11.