Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Politics
Jasper Jolly

Pressure grows on UK to beef up measures to tackle economic crime

The |City of London skyline
London and its financial district have long been dubbed the ‘London Laundromat’ for its lax approach to corruption and money-laundering. Photograph: Alberto Pezzali/AP

MPs and anti-corruption experts have warned that the UK government must not delay long-awaited measures to tackle economic crime, after a minister resigned over the government’s failure to prevent more than £4.3bn in fraudulent claims for Covid business loans.

Lord Agnew dramatically quit on Monday as a minister at the Treasury and Cabinet Office with oversight of fraud prevention, in another blow to the embattled prime minister. In a resignation letter to Boris Johnson, published on Tuesday, Agnew revealed that in a decision apparently taken last week, a key piece of legislation, the economic crime bill, had been rejected for consideration during the next parliamentary year. He described the decision as “foolish”.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.