Data published by the Department for Work and Pensions has shown the proposals to snoop on bank accounts will cost £370m to set up. The system would then cost £30m a year to run once it's set up from 2032.
The DWP has confirmed that it will at first focus its attention on the top 15 banks in the UK, which included Barclays, HSBC, NatWest, Santander, and TSB. These account for 97 per cent of the accounts used by people claiming benefits, reports Birmingham Live.
https://www.msn.com/en-gb/money/other/dwp-announces-it-will-check-bank-accounts-from-15-banks-to-identify-benefit-fraud-and-error/ar-AA1mxy8D
