Public Sector Fraud Authority by Cabinet Office
We are creating a Public Sector Fraud Authority (PSFA), bringing HMT and CO together to bring increased scrutiny to performance and to build broader and deeper expert services to support public bodies.
Fraud is the most frequent crime type, making up 40% of all crime, with at least 5.2 million estimated acts of fraud in the year ending December 2021. It is rising and has risen 41% over the past two years. Fraud and irregular spending in the public sector leads to a minimum of £33m in loss every year.
Fraud against the public sector creates financial loss, increases the cost of public services and damages the public's confidence in the integrity of the government. It has a broader societal impact and is known for funding wider criminality.
It is an integral part of the Chancellors Efficiency agenda to do more across the public sector on finding and reducing fraud.
Over the past few years, we have invested in building structures across the public sector including the Counter Fraud Function, Functional Standard, Counter Fraud Profession and a data analytics hub with legislation to service public bodies.
Now we are taking this to the next level, building a body at the heart of government and modernising our approach to countering fraud.
Room: Studio (online stream only)