Labour calls for national fraud strategy as annual losses hit £1.3bn
Labour will press the government for the first “national fraud strategy” in a decade as figures show fraud and financial scams affecting consumers and businesses hit a record £1.3bn of lost cash last year.
The party will seek to force a vote on the financial services and markets bill with an amendment calling for a new fraud strategy, as households and businesses are losing more than ever.
Tabling an amendment to the bill, Tulip Siddiq, the shadow City minister, said ministers needed to get a grip on scams and fraud at a time when the cost of living was hurting people’s finances.
The government last brought forward a national fraud strategy in 2011, with nothing published in the meantime despite the explosion of online financial scams.
Read more at The Guardian