Public Sector Fraud Authority Debate
Full Debate: Read Full DebateLord Redwood
Main Page: Lord Redwood (Conservative - Life peer)Department Debates - View all Lord Redwood's debates with the Department for Digital, Culture, Media & Sport
(1 month ago)
Lords ChamberThe DWP is one of the departments that routinely work to tackle fraud, so there is considerable expertise in the department. The Public Sector Fraud Authority will continue to work with all departments and public bodies across the public sector to drive counterfraud performance and accountability, deliver cross-system services and increase counterfraud capability. In our view, this will be further bolstered by its repositioning in the DWP, in that it will be able to learn from existing, mature counterfraud capability in the department to optimise its services, and vice versa.
How much fraud did the PSFA find last year and how much more does it think it will find with the enhanced methods of going about it?
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.