The UK government has announced a new national fraud strategy in an effort to cut fraud by 10 percent by the end of 2024.

The government estimates fraud to comprise 40 percent of all crime and cost almost £7 billion per year.

It aims to tackle fraud by using its powers and allowing law enforcement to pursue more fraudsters.

It also plans to work with industry to stop fraud attempts and empower the British population to recognise, avoid and report fraud...