A new team at the heart of the UK Government has been told to hunt down fraud committed against the public purse, with a £180 million target set for the first 12 months. Efficiency Minister, Jacob Rees-Mogg, issued the rallying cry earlier this week while launching the new Public Sector Fraud Authority (PSFA).
A “laser-like” focus on fraud will reinforce wider investment in the UK Government’s crack down on fraud and mis-claiming, including £210 million for HM Revenue and Customs (HMRC) and £510 million for the Department for Work and Pensions (DWP). However, the Domestic And Economic Efficiency And Value For Money Committee has challenged the new organisation to work with departments to agree longer-term targets by December.
The PSFA will be made u p of counter fraud and data experts, using best-in-class tools and advanced analytics to help departments and public bodies protect public money. It will be supported by a cross sector Advisory Panel that will provide expert advice and help shape the strategic approach to public sector fraud prevention and reduction.
