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.
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You’re getting your millions and billions mixed up there surely? (£500 Million then £500 billion). But yes, I agree with the thrust of the argument. It’ll be interesting to see how it plays out.
sorry!
It is £500 MILLION
It doesn’t always have to be either/or you know?
It can be (and usually is) both, if not all.
Both are big issues.
But the return on one is far higher than the other and the resources are allocated the other way round
Now why is that.
[…] crunching: Barclays tax dodges versus benefit […]