FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Benefit thieves taking UK government to the cleaners

It has been revealed over the last few days that police have been monitoring a gang claiming tax benefits for five fictitious children with benefits believed to be in the hundreds of thousands of pounds. This is not an isolated case as the UK authorities seem to be unearthing enormous fraud gangs on a regular basis, thieves who are effectively taking millions upon millions of pounds from the UK benefit system.



While the benefit system has become very bloated over the last decade it is the fact that many databases are not connected which has made the job of finding fraudulent claims even more difficult. However, as the UK budget deficit continues to rise the UK authorities are now throwing more investment into the fraud prevention sector in the hope of both cutting off potentially enormous fraudulent claims today and in the future.



When you consider that UK unemployment is currently around 2.5 million, although many people believe that up to 6 million people may actually be out of work in the UK, it soon becomes apparent as to how many people are in the benefits system. While in many ways this is something which has helped the UK government to keep unemployment relatively low, a trick used by all governments in the past, it is certainly not a cheap option!

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue