>>So called Action Fraud were chocolate teaspoons. One agent told her ID theft was not a police
>>matter...
Heard that one so many times it must be a joke!
Fraud loss costs the UK about £200 billion a year. If this was street theft or bank robberies the populace and the govt would be calling for urgent action.
Many personal losses are repaid by banks under new regulator lead laws and regulations (I have had training but just can't think of them right now).
The point is, it removes responsibility. People don't care, because they are convinced that the banks will refund them.
The Govt loves this because it removes the problem from a Govt issue to the responsibility of the banks and they don't have to fund and expensively train police experts.
But the end cost is bourn by the consumer in lower in credit interest rates, higher borrowing rates and lower profits to shareholders which include pension funds.
It's like the Ealing comedy "The Ladykillers", when Mrs Wilberforce was told the theft ""is just a penny off of everybody's policy".
It's wrong, but the Govt, don't see it as wrong.
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