Over the course of the spending review period the Law Officers' Departments which play a part in tackling fraud-namely the Serious Fraud Office, the Crown Prosecution Service and the National Fraud Authority-will reduce overall spending by 25% in real terms. This is challenging, but presents an opportunity to rethink processes and organisational arrangements, without undermining frontline casework.
The Government have also made a commitment, confirmed in the coalition programme, to create a single Economic Crime Agency (ECA) to rationalise the current piecemeal law enforcement landscape. The Minister for Policing and Criminal Justice, my right hon. Friend Nick Herbert and I are actively engaged in this work. The ECA will be developed in parallel with the National Crime Agency, which will take the lead on organised crime.