Benefit fraud – £1,200 million per annum. Barclays’ abusive tax reclaims – £500 million.

Posted on

Benefit fraud costs the UK £1.2 billion a year.

Yesterday we learned that Barclays tried to claim £500 million of tax back it was not owed. Some of this was, apparently, a refund claim for tax never paid.

Now I have never condoned benefit cheating, and won't. But let's reflect for a moment. Which is the bigger issue here? Benefit cheating of £1,200 million or highly paid bankers setting out in organised fashion to seek to claim £500 billion they are not due and which they'd given their undertaking not to do?

I know my answer.