White collar crime under the microscope

The UK election is round the corner and so the campaigning is now starting to reach fever pitch. The Conservative party today outlined how they plan to attack ‘white collar crime’ should they be elected.

Apparently some £30 billion worth of financial services related crime is committed each year, with everyone losing out from taxpayers to pension savers. Even though there are multiple agencies in existence to combat and prosecute against this crime the Tories claim that they are not doing their job well enough. Their plan involves scrapping most of these agencies and regulatory bodies to be replaced with a single entity, responsible for ensuring economic crime is prevented and appropriately punished when it does happen.

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