400 million [pounds sterling] lost from NIC fund.

PositionNational Insurance Fund - Brief Article

The Department of Social Security and the Benefits Agency lost more than 400 million [pounds sterling] from the National Insurance Fund in 1999 and 2000, according to a report by the National Audit Office. Most of the losses stemmed from errors made by officials when they were awarding benefits, from fraudulent benefit claims and from fraudulent encashment of...

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