Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of trends in the level of corporate fraud in each of the last three years; and in what sectors that fraud has been identified.

The outcomes of investigations into fraud, scams and economic crime are not centrally collated and we do not assess trends in corporate fraud.

Investigations into suspected fraud against the public sector are conducted by the appropriate Department with responsibility for policy delivery. Investigations and enforcement activities are also undertaken by regulatory or enforcement agencies, such as the Financial Conduct Authority and National Crime Agency.

Departments publish an Annual Report and Accounts including estimates of COVID-19 fraud and these are now being published for the 2021-22 financial year. The Counter Fraud Function in Cabinet Office publishes an annual estimate of the level of fraud and error in the public sector. Action Fraud records reported financial losses experienced by businesses, this can be found at https://colp.maps.arcgis.com/apps/dashboards/0334150e430449cf8ac917e347897d46.