Finance experts will identify welfare cheats by trawling through their records, household bills and credit card applications. The agencies will get a “bounty” payment for each fraudster they identify under government plans to cut the £5.2billion annual fraud bill. By having access to the Government’s database of incapacity and housing benefit claimants, the companies believe they can shave at least £1billion from the welfare bill, earning as much as £50million.
The current icon shows Polistra using a Personal Equation Machine.