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Cost estimated at over £1.7 billion

In 2006, the Home Office Identity Fraud Steering Committee (IFSC) estimated that the cost to the UK economy from identity fraud is over £1.7 billion.

The breakdown of the IFSC figures announced by Andy Burnham in February 2006 is shown the table here.
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Cost estimated at over £1.7 billion
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Estimates not clearly justified
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failure of execution, not the intension
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The Home Office attaches the tag ID fraud to other types of fraud.
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