Estimates show the UK government could be losing between £22 and £49 billion per year to fraud and error. Debt owed to government currently stands at over £22 billion. Grant spending accounts for £139 billion, which is around 20% of government expenditure.\r
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The UK Government Fraud, Error, Debt and Grants Function provides strategic leadership and sets cross-government standards for fraud, error grant and debt initiatives.\r
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It works with departments to:\r
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1) Identify and reduce financial losses through fraud and error\r
2) Improve overdue debt management\r
3) Improve the effectiveness of grants whilst reducing the costs of their administration through the Grants Efficiency Programme\r
4) Identify more fraud and error and make sure changes are made to prevent it.\r
5) Provide counter-fraud remedies and common solutions to cross-cutting issues.\r
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The enclosed slides, published in Summer 2016, give an overview of the nature of the problem and also the key steps that the UK Government are taking to tackle this large problem.
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