As we break into summer, a lot is concentrating our minds at GBN.
UK: Expense fraud costs British business £3.5 billion annually
British employees charge an average of £462 of personal expenses to their companies per year, according to FairFX, a currency exchange company. The most common claims are for food and drink (39%), travel (24%) and accommodation (19%).
26% of employees claim fraudulently, with those in the financial sector billing the most with an average claim of £1070.