Commercial businesses in the South East and London came under attack from fraudsters in the first half of 2016 to the tune of £84.1m, according to new research.
KPMG's Fraud Barometer shows a 585% increase in the value of prosecuted fraud against commercial businesses in the region, as prosecuted fraud against financial institutions and investors fell.
Hitesh Patel, head of forensic at KPMG explained further.
Time once again for the Consuming Issues news review, with Georgie Frost and is joined by Deborah Hargreaves, founder of the High Pay Centre. And today, they look at the days top story - that poverty is costing UK taxpayers 78 billion pounds a year. Elsewhere, they look at Sir Philip Green who has made the news after accusing the MP Frank Field of turning a parliamentary inquiry into the collapse of BHS into a "kangaroo court". Plus, former pensions minister Ros Altmann says the triple lock for state pensions should be scrapped. All this and more, on Consuming Issues, every day from 9am to Midday, right here on Share Radio.
Time again for This is Money, Financial Broadcaster of the Year Georgie Frost and Financial Website of the Year This is Money team up with NS&I to close off a turbulent week, with the best of financial advice and analysis. Yes, it has been a turbulent week, with Natwest veering towards negative rates, Santander rolling back the UK's most popular current account, and Lloyds scrapping more of their workforce. Can savers find their way through it all? Well, we'd better hope so, as the issue this week most pressing is the FCA's findings that over 5 million credit cards may never be paid off, and around 1.4 million people are barely making any repayments at all. In short, we're drowning in plastic. But the first step is educating ourselves, and this podcast is the place to start!
This is Money is presented by Georgie Frost, in partnership with NS&I.
Time once again for the Consuming Issues news review, with Georgie Frost and is joined by Martyn James, an independent money expert. And today, they look at the days top story - the decision by EDF to go ahead with the £18bn Hinkley Point project in Somerset, in what would have been the UK's first new nuclear power station for a generation, although it received mixed reviews from Parliament. Elsewhere, Ofgem has launched an investigation into SSE, while consumer confidence is continuing to dip. Plus, more bad news for Southern Rail, as The RMT union says the workers will walk out on the 8th August. All this and more, on Consuming Issues, every day from 9am to Midday, right here on Share Radio.
Cryptocurrencies like bitcoin are on the rise, so the debate in central banks is how to tackle digital money. Central banks certainly could enter this market, but would it be the right thing to do? Matt Cox has been hearing from monetary innovation specialist, Garrick Hileman.
Time once again for the Consuming Issues news review, with Georgie Frost and is joined by Digital Editor of Pensions Insight and Engaged Investor, Sara Benwel. And today, they look at the days top story - Lloyds have said they are going to is cut 3,000 jobs and close 200 branches to cut costs. Elsewhere, EDF is due to make its final investment decision on nuclear power station at Hinkley Point. And, British Gas profits took a big tumble as they lost nearly half a million customers. All this and more, on Consuming Issues, every day from 9am to Midday, right here on Share Radio.
Retail sales volumes have declined more rapidly in July than at any time in the last four years, according to a survey by the CBI. The British Retail Consortium said jobs were being shed in the months leading up to the referendum. To analyse the findings of the survey, Richard Perks, Retail Analyst at Mintel, joined Nigel Cassidy and Paul Sedgwick.
Time once again for the Consuming Issues news review, with Georgie Frost and is joined by Kevin Pratt from Moneysupermarket.com. And today, they look at the big story of the day - where the GDP for the second quarter of the year picked up by 0.6% - but why was this? Also on the show, southern rail could be hit by more striker. And, Apple's iPhone sales have dropped for a second quarter in a row. All this and more, on Consuming Issues, every day from 9am to Midday, right here on Share Radio.
The FTSE 250 lender, Virgin Money, saw 35% wiped off its share value after Britain voted to leave the EU, that in spite of a record first quarter. On the day of the company's half-year results, Dr Ronan Lynch, Director of the Global Knowledge Centre at the banking consultancy Lafferty Group, was on hand to discuss the numbers and the performance of challenger banks in general.