Crackdown on advantages to avoid wasting taxpayers almost £10billion | Politics | News | EUROtoday
A crackdown on profit fraudsters and a money injection into science and expertise are promised because the nation awaits the Chancellor’s spending evaluation. The Treasury hopes that motion to deal with fraudsters will save taxpayers almost £10billion over the following 5 years.
A supply claimed “out of control levels of fraud and error” means a “shameful” £39billion was taken from taxpayers over the last Parliament.
The “biggest ever package” of measures to stamp out welfare fraud and error will see the Department for Work and Pensions acquire powers to take fraudsters’ driving licences away, recuperate debt straight from financial institution accounts and get new info on banking exercise.
A Government supply stated: “If people aren’t entitled to benefits, they shouldn’t be getting them. We have been clear we will not tolerate fraud, error or waste in the broken welfare system – especially as it’s always hard-working taxpayers who foot the bill.
“By rooting it out and stopping these fraudsters, we will deliver our plan for change and save taxpayers money.”
The spending evaluation – which allocates Government money throughout division – might be intently watched for winners and losers. Police chiefs have warned of significant penalties if their funding is lower.
But the Government is promising an £86billion enhance to science and expertise to “turbocharge” the economic system. The money will go in direction of initiatives starting from new drug therapies to longer-lasting batteries and Artificial Intelligence in a bid to “generate billions for the UK economy”.
A analysis and improvement funding bundle price greater than £22.5billion a yr by 2029/30 is promised. It is designed to empower “local leaders” to develop “innovation clusters” all through the nation by means of a “local innovation partnerships fund”.
This is anticipated to spice up “drug discovery” in Liverpool, defence expertise in Belfast and semiconductor improvement in South Wales. In addition, almost £5million is being invested to “kick-start” a brand new partnership between the Manchester and Cambridge areas, that are thought-about “hubs of innovation”.
According to the Treasury, each £1 invested in R&D generates as much as £7 in advantages to the UK economic system.
Chancellor Rachel Reeves stated: “Britain is the home of science and technology. [We] are investing in Britain’s renewal to create jobs, protect our security against foreign threats and make working families better off.”
Science and Technology Secretary Peter Kyle added: “R&D is the very foundation of the breakthroughs that make our lives easier and healthier – from new medicines enabling us to live longer, more fulfilled lives to developments in AI giving us time back, from easing our train journeys through to creating the technology we need to protect our planet from climate change. Incredible and ambitious research goes on in every corner of our country, from Liverpool to Inverness, Swansea to Belfast, which is why empowering regions to harness local expertise and skills for all of our benefit is at the heart of this new funding – helping to deliver the economic growth at the centre of our plan for change.”
https://www.express.co.uk/news/politics/2065748/crackdown-benefits-save-taxpayers-nearly