63k claimants: average £50k in accounts!

TLDR:

• The Department for Work and Pensions lost £8.3bn to fraud and error in the 2022/23 financial year.
• 63,000 benefit claimants had an average of £50,000 in their accounts.

Summary:

The Department for Work and Pensions (DWP) faced significant financial losses amounting to £8.3bn due to fraud and error during the 2022/23 financial year. Among the alarming statistics revealed was the fact that around 63,000 benefit claimants were found to have an average of £50,000 in their accounts, raising concerns about the validity of their claims. This issue highlights the importance of implementing stricter measures to prevent fraudulent activities and errors within the benefits system in order to safeguard public funds and ensure that assistance reaches those who genuinely need it.