|Area|Estimated Cost|
|:-|:-|
|Total economic crime & corruption|**£350 billion**Up to annually (~17–18% of GDP)|
|Public sector fraud|**£33–58 billion** annually|
|Money laundering|**£100 billion+** annually|
|Government anti-crime spending|**£852 million/year** (~0.042% of GDP)|
|Older corruption estimates|**£13.9 billion**~ annually|
|Dirty money flows (incl. NHS)|**£100 billion** total; NHS loses £1.27 bn/year|
|Business-level average cost|**£44 000** per business; median £200|
|COVID contract corruption|**£15 billion+** flagged contracts|
|Asylum spending risks|**£4.3 billion/year** under audit scrutinySummary TableArea Estimated CostTotal economic crime & corruption Up to £350 billion annually (~17–18% of GDP)Public sector fraud £33–58 billion annuallyMoney laundering £100 billion+ annuallyGovernment anti-crime spending £852 million/year (~0.042% of GDP)Older corruption estimates ~£13.9 billion annuallyDirty money flows (incl. NHS) £100 billion total; NHS loses £1.27 bn/yearBusiness-level average cost £44 000 per business; median £200COVID contract corruption £15 billion+ flagged contractsAsylum spending risks £4.3 billion/year under audit scrutiny|
I looked up the Times article: “Rachel Reeves has appointed a new adviser whose firm counts Thames Water as a client for her lobbying consultancy — just as ministers are mulling a bailout package for the debt-laden firm.” I’m always inclined to look askance at the Times on anyone connected with Labour–but this genuinely seems kind of sucky.
They don’t even try to hide their bullshit.
Reminder that she lied on Linkedin about her job history and has since scrubbed it from her profile. She’s a fraud
6 comments
Oh for fuck sake.
Oh ffs. Get the damn Greens in.
Economic Cost of Corruption in the UK
# Summary Table
|Area|Estimated Cost|
|:-|:-|
|Total economic crime & corruption|**£350 billion**Up to annually (~17–18% of GDP)|
|Public sector fraud|**£33–58 billion** annually|
|Money laundering|**£100 billion+** annually|
|Government anti-crime spending|**£852 million/year** (~0.042% of GDP)|
|Older corruption estimates|**£13.9 billion**~ annually|
|Dirty money flows (incl. NHS)|**£100 billion** total; NHS loses £1.27 bn/year|
|Business-level average cost|**£44 000** per business; median £200|
|COVID contract corruption|**£15 billion+** flagged contracts|
|Asylum spending risks|**£4.3 billion/year** under audit scrutinySummary TableArea Estimated CostTotal economic crime & corruption Up to £350 billion annually (~17–18% of GDP)Public sector fraud £33–58 billion annuallyMoney laundering £100 billion+ annuallyGovernment anti-crime spending £852 million/year (~0.042% of GDP)Older corruption estimates ~£13.9 billion annuallyDirty money flows (incl. NHS) £100 billion total; NHS loses £1.27 bn/yearBusiness-level average cost £44 000 per business; median £200COVID contract corruption £15 billion+ flagged contractsAsylum spending risks £4.3 billion/year under audit scrutiny|
I looked up the Times article: “Rachel Reeves has appointed a new adviser whose firm counts Thames Water as a client for her lobbying consultancy — just as ministers are mulling a bailout package for the debt-laden firm.” I’m always inclined to look askance at the Times on anyone connected with Labour–but this genuinely seems kind of sucky.
They don’t even try to hide their bullshit.
Reminder that she lied on Linkedin about her job history and has since scrubbed it from her profile. She’s a fraud
Comments are closed.