Public Sector Fraud Authority Debate
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Baroness Wheatcroft
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Public Sector Fraud Authority
Baroness Wheatcroft Excerpts(3 weeks, 5 days ago)
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Baroness Twycross (Lab)
The PSFA has a strong record of delivering beyond its annual financial target. In the 2024-25 financial year, it delivered over £480 million in audited counterfraud benefits, which is a return of £34 for every £1 invested. The PSFA has delivered a total of £1.2 billion in savings since its establishment in 2022. Clearly, it could go further, and we are absolutely determined to make sure that it does.
Baroness Wheatcroft (CB)
Fraud was rife during Covid, both in the loans that were granted when they should not have been and in PPE contracts, for instance. Can the Minister tell us how much has been recovered of that fraud and how much is still outstanding?
Baroness Twycross (Lab)
The noble Baroness is right to highlight that there were particular issues in relation to fraud during the pandemic. I will need to write to her about the amount that has been recouped so far, because the figures change on a regular basis. It involves considerable amounts but, obviously, more can be done. I will write to the noble Baroness and make sure that a copy of my letter is placed in the Library.