Record level fraud costs UK taxpayers £300m

Fraud in the UK hit a record level last year and is costing the taxpayer at least £300m (€424.3m), research showed today.

The value of reported cases of fraud doubled in 2004, from £330m (€466.7m) in 2003 to more than £643m (€909.4m), according to figures from accountants and business advisers BDO Stoy Hayward.