<p>The Home Office and HM Treasury lead the policy response to economic crime for government and are responsible for coordinating the public-private Economic Crime Plan 2, published in March 2023.</p><p>Fraud and economic crime are complex and multifaceted issues that touch upon much of the economy and manifest in many different ways. It is right that these two departments jointly lead the government’s response, to support system leadership that fully considers the long-term ramifications of decisions that impact both the UK’s prosperity and security.</p><p>A single departmental approach or single Economic Crime minister would, in the government’s view, undermine our efforts to tackle holistically the challenge that economic crime presents.</p>