PRESS RELEASE: GOVERNMENT SPENDS EQUIVALENT OF JUST 0.042% OF GDP ON FIGHTING ECONOMIC CRIME – NEW ANALYSIS
24 January, 2022 | 0 minute read
New analysis from Spotlight on Corruption finds that the UK government spends the equivalent of just 0.042% of GDP (£852 million) per year on fighting economic crime, even though annually economic crime costs the UK economy £290 billion – equal to 14.5% of GDP – at a conservative estimate. Spotlight’s analysis also found that between 2016-2021, law enforcement bodies engaged in fighting economic crime raised £3.9 billion in fines, confiscation, forfeiture and civil recovery orders from criminals and rogue companies, a portion of which could have been reinvested back into these agencies.
Spotlight on Corruption is registered as a charitable company. Charity Number (England and Wales) 1185872. Company number 12123483.
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