UK Liberty

Latest estimate of annual costs resulting from crimes associated with identity fraud

Posted in ID Cards, politicians on liberty by ukliberty on February 26, 2008

In February 2006 we estimated that the cost of identity fraud to the UK economy was £1.7 billion. We are currently engaged in calculating a new estimate based on a new methodology and hope to make an announcement soon.

Meg Hillier (Parliamentary Under-Secretary (Identity), Home Office) | Hansard source

As I’ve said on this blog a number of times before, the £1.7bn pa is a discredited guesstimate:

  1. “Government claims that identity fraud in the UK costs £1.7bn a year have been exposed as inaccurate” – or, dare I say it, ‘fraudulent’ – “with the real figure less than a third of that total, a investigation has found.”
  2. Also see SpyBlog.
  3. There is a good Register article on the earlier claim that it costs £1.3bn pa.

Please don’t misunderstand – it could be more, it could be less. But it certainly isn’t £1.7bn for the reasons that the Government gives.  Is that why they are working on a “new methodology”?


2 Responses

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  1. ID fraud estimate fraud « UK Liberty said, on October 10, 2008 at 3:21 pm

    […] fraud estimate fraud Posted on October 10, 2008 by ukliberty Yet another fraudulent estimate of the cost of identity […]

  2. […] Identity fraud is estimated to cost the economy at least £1.3 billion every year and the level is rising. [we know this figure is itself fraudulent.] […]

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