Page last updated at 08:28 GMT, Friday, 22 January 2010

Fraud losses 'cost 30bn a year'


New research suggests fraud costs the UK more than £30bn per year. The National Fraud Authority has produced the first official government estimate of fraudulent activities - from tax scams to identity theft.

The Authority says it equated to £621 per adult a year, and is mostly recovered through increased taxation.

Mike Sergeant reports.


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