A Fool and His Money

Well im not allowed to tell you but you should read this.

Management in many companies are being urged to look at their expenses more carefully as staff are claiming £1bn in false or incorrect expenses every year.

£350m in expense claims is a fraudulent whilst over £500m shouldn’t have been paid out as it was never covered by company policy. This information was gathered from 100,000 employees in 140 companies.

Employees need to be advised in black and white what they can and cant claim back. The expenses system also needs to be monitored on a regular basis to ensure it is not being abused.

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