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Posts with tag BenefitFraud

The week of a thousand government spending cuts

Filed under: Financial Crisis

The Pre-Budget report is out on Wednesday, which makes this the week when politicians will be banging on about spending cuts and trying desperately to find a way to make ends meet.

They have a bit of a challenge on their hands, because they'd like to do this without losing your vote when it comes to the General Election. So they're trying to find clever, creative and popular ways to spend less money.

So far some of the ideas seem to fit the bill, so what passes as a popular spending cut, and will it do the job?

Boom in fraud as figures soar to 21-year high

Filed under: Fraud

We Brits are truly an industrious race. Give us lemons, as the saying goes, and we'll make lemonade.

So it is with mixed feelings, I guess, that we learn one sector of the economy is booming in this time of recession. In fact it is at a 21-year high. It's just a pity that the sector is fraud.

In the just the first six months of this year, the number of cases of fraud reaching court was the highest since way back in 1988, with 163 chancers, scammers and ne'er-do-wells facing charges of serious fraud where more than £100,000 was embezzled. The total combined value of the alleged crimes is £636 million.