Serious Fraud Office has funding cut, as Serious Fraud Increases

Discussion in 'Politics & The Economy' started by MikeTV, Aug 23, 2012.

  1. MikeTV

    MikeTV
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    As financial crime gets ever more complex, and ever more prevalent, the Serious Fraud Office is having it's budget cut from £52million at the time of the financial crisis (2008/09) to £31m in 2014-5.

    Thank you, Tories! That's just what this country needs.

    :suicide:
     
  2. domtheone

    domtheone
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    Perhaps if Labour hadn't spent all the money....

    Or, what did they unearth over the last several years with a higher budget.:confused:

    What about all the reckless behaviour in the financial sector. Why wasn't the SFO on the case back then when they had a bigger budget?
     
  3. MikeTV

    MikeTV
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    In 2007/08 spending was 41% of GDP. In 2012, it's at 44.5%. Who is spending too much?
    Fair questions. I still don't see how reducing their budget will help. They were probably under-funded anyway.
     
  4. MikeTV

    MikeTV
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    To give you an idea of what £31 million actually represents, it is approximately equivalent to what the government spends on the National Museum of Liverpool each year.

    Not very much, in other words.
     
  5. domtheone

    domtheone
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    They're all spending too much! The tories won't cut spending significantly because they'll get hammered by the electorate if they do.

    All these people moaning about spending cuts lol when we're still spending money like there's no tomorrow.
     
  6. gibbsy

    gibbsy
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    Try telling that to the 500,000 disabled people who are expected to lose their disability living allowance.
     

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