TRUSTPOLITICS
B

Baroness Anderson of Stoke-on-Trent (Lab)

Speaking in the House of Lords on 14 September 2026

Debate

International Financial Fraud

Contribution

I occasionally agree with the noble Baroness, and in this instance, I find that I do. One of the issues here, though, is the wider cost of fraud to UK plc: it is currently £14 billion a year. While I appreciate the concern about the impact on individual companies, the reality is that there were 6 million attempted frauds in the UK last year, 80% of them were online and 70% had an international dimension. I appreciate the concern, and there is a reason we have been very targeted in the economic crime levy about who is paying for it, but there is a genuine issue here that is undermining us in every corner of the economy.
← Previous speaker
In this debate
Next speaker →
In this debate

More from Baroness Anderson of Stoke-on-Trent (Lab)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.