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Written question asked by Emily Thornberry (Labour) on Tuesday, 12 July 2022, in the House of Commons. It was due for an answer on Thursday, 14 July 2022. It was answered by Stephen McPartland (Conservative) on Wednesday, 20 July 2022 on behalf of the Home Office.

Fraud: Costs

Question

To ask the Secretary of State for the Home Department, what estimate her Department has made of the total financial cost of fraud in the UK against (a) individuals and (b) businesses in (i) financial year 2020-21, (ii) calendar year 2021 and (iii) financial year 2021-22.

Answer

We do not hold estimates for the total financial cost of fraud in the UK to individuals and businesses for the financial years 2020-21, 2021-22 or the calendar year 2021.

We do have the published estimate for the 2015/16 total cost of fraud against individuals: £4.7 billion. This figure can be found at:

https://www.gov.uk/government/publications/the-economic-and-social-costs-of-crime

The Crime Survey for England and Wales estimates the volume of fraud experienced by individuals and their average losses. This can be found at:

https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/datasets/crimeinenglandandwalesappendixtables

Action Fraud is our central reporting service and records reported financial losses experienced by businesses and individuals. This can be found at:

https://colp.maps.arcgis.com/apps/dashboards/0334150e430449cf8ac917e347897d46

Secondary information

Type
Written question
Reference
34849
Session
2022-23
Subjects
Costs Fraud
Contains statistics
Yes
Link
View this Written question on www.parliament.uk