National Fraud Authority: Annual Fraud Indicator

Report (34 pages, PDF) published by the National Fraud Authority (NFA) containing estimates of fraud losses in the UK. The NFA estimates that the total loss to fraud in the UK in 2008 was £30.5 billion. Of this, tax losses accounted for just under half, £15.2 billion. Total fraud losses to the private sector was £9.3 billion, and to individuals was £3.5 billion.

According to the report, difficulties in measuring fraud losses mean that these estimates are likely to underestimate actual losses. The NFA intends to continue working with public and private sector organisations to improve their ability to measure fraud losses accurately so that future estimates are more robust.

For further information or advice please contact Shankar Rajagopalan.

Reckon LLP is an economics consultancy with expertise in data analysis, economic regulation and competition law.

About Reckon