Extracts from Westminster Hall debate on Whistleblowing Awareness Week - Mar 23

Martin Docherty-Hughes (West Dunbartonshire) (SNP):...The National Crime Agency’s annual fraud indicator estimates fraud losses to the UK at about £190 billion every year. The private sector is hit the hardest, losing about £140 billion. The public sector loses more than £40 billion, and individual civilians lose about £7 billion...

Seema Malhotra (Feltham and Heston) (Lab/Co-op):...I reiterate the comments of the hon. Member for Cheadle on economic crime, an area in which I worked closely with the Minister, on the Economic Crime and Corporate Transparency Bill. The National Crime Agency estimates that fraud costs the UK economy £190 billion each year, including £40 billion to the public sector. Between 43% and 47% of serious economic crimes are exposed by whistleblowers. The numbers show the huge scale of the issue, the huge role that whistleblowers play in exposing economic crime, and the impact they could have on our economy, if they were granted more protection under legislation...

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