Fraud costs UK food and drink companies £11bn a year

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UK listed food and drinks companies could be losing more than £11.2bn a year to fraud and error, equivalent to more than 85 per cent of their total profits, according to a new report by PKF Littlejohn and the Centre for Counter Fraud Studies at the University of Portsmouth.

The report, “Minimising Fraud and Maximising Value in the UK Food and Drink Sector 2014” will be launched on 25 November in London at the Food Crime Conference organised by the Institute of Food Safety Integrity & Protection in partnership with the Chartered Institute of Environmental Health.

Read the full report here from PKF Littlejohn and the University of Portsmouth.

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