Question to the Home Office:

To ask the Secretary of State for the Home Department, what assessment she has made of trends in the level of financial crimes across the UK in the last 12 months.

Financial crime can encompass a wide range of crime types used to gain funds in an illicit way.

Crime Survey for England and Wales (CSEW) data published by the Office for National Statistics (ONS) show there were an estimated 3.86 million incidents of fraud experienced by adults aged 16 and over in England and Wales based on those interviewed in the twelve months to end of September 2024. This was an increase of 19% compared with the previous year’s survey (3.24 million incidents).

This Government takes the issue of fraud very seriously and we are working with law enforcement, industry, and civil society to better protect the public and businesses from this appalling crime. That is why we appointed Lord Hanson as the first dedicated Minister for fraud, played a central role in the adoption of the first ever UN resolution on fraud and introduced a new offence of failure to prevent fraud. Later this year, the Home Office will be publishing an expanded Fraud Strategy that covers the full range of threats that our society faces from this crime.