ICAEW Insights
ICAEW Insights
Mar 29, 2022
Economic crime, Russia/Ukraine and the Spring Statement
Play • 31 min

The horrific situation in Ukraine has had wide-ranging impacts and implications across the world, not least the fight against economic crime.

In the UK, this is a huge undertaking. Will the new Economic Crime Act make a difference? Solicitor and economic crime specialist Matt Corn discusses the climate for economic crime in the UK and how the new Act will work in the context of existing UK law.

Last week, the Chancellor Rishi Sunak delivered his Spring Statement with expectations high for measures to lessen the pain of inflation, rising energy and fuel costs, and the larger cost of living crisis. Did he do enough?

Frank Haskew, Head of Taxation Strategy, Tax for ICAEW, analyses the Chancellor’s decisions and discusses the implications of high inflation.

Links:
- https://www.legislation.gov.uk/ukpga/2022/10/contents/enacted.
- https://commonslibrary.parliament.uk/research-briefings/cbp-9013/.
- https://www.politico.eu/article/uk-new-economic-crime-legislation-russia/.
- https://www.gov.uk/government/news/government-takes-landmark-steps-to-further-clamp-down-on-dirty-money.
- https://www.gov.uk/government/publications/spring-statement-2022-documents.
- https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/february2022.
- https://obr.uk/box/higher-inflation-effects-on-our-central-forecast-and-alternative-scenarios/.

Host:
Philippa Kelly

Guests:
- Matt Corn, economic crime specialist solicitor, Olliers.
- Frank Haskew, Head of Taxation Strategy, Tax, ICAEW.

Producer:
Natalie Chisholm

Episode first published: 30 March 2022
Podcast recorded: 24 March 2022

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