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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/fraud-costs-every-adult-765-a-year.jpg"><img class="alignnone size-full" title="British taxpayers pay an extra 765 pounds every year because of fraud, such as counterfeit cheques" src="http://londonglossy.com/wp-content/uploads/2011/01/min-fraud-costs-every-adult-765-a-year.jpg" alt="British taxpayers pay an extra 765 pounds every year because of fraud, such as counterfeit cheques"/></a></p>
<p>Cash-strapped British taxpayers fork out an extra £765 for goods and services every year because of fraudsters, according to new figures.</p>
<p>The National Fraud Authority (NFA) said cheats carve an annual £38 billion hole in Britain&#8217;s finances.</p>
<p>The watchdog&#8217;s second annual fraud indicator found crooks swindled the public sector out of £21 billion, more than half of total losses.</p>
<p>Meanwhile the private sector lost £12 billion, individuals £4 billion and charities £1.3 billion to frauds from marketing scams to bogus operators.</p>
<p>Officials said if the cost of fraud was broken down individually it would leave every adult with a bill for £765 in increased prices.</p>
<p>The second Annual Fraud Indicator showed the total cost of fraud has increased by more than £8 billion from £30 billion last year.</p>
<p>But researchers said the two surveys were not directly comparable because the latest figures include some areas of fraud for the first time.</p>
<p>They added that the size of public sector fraud reflects better reporting procedures and remains a relatively small proportion of total spending.</p>
<p>Bernard Herdan of the NFA said the research was a &#8220;blueprint&#8221; for work to tackle the &#8220;rising tide&#8221; of fraud.</p>
<p>He added that everyone can play their part in protecting themselves from fraud and sharing information on suspicious behaviour with the authorities.</p>
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