See more Daily Mail on Google - save us as a Preferred SourceBy ARTHUR PARASHAR, SENIOR REPORTER Published: 12:23 BST, 25 May 2026 | Updated: 12:34 BST, 25 May 2026
At least £325billion of dirty money flows through Britain every year, a damning report has claimed.The stark figure is equivalent to more than 10 per cent of the UK's GDP and includes illicit money linked to money laundering, corruption, financial crime and illegal trade and tax dodging.Taking into account the UK's crown dependencies and overseas territories, such as Jersey and the Cayman Islands, the figure soars to nearly £788billion annually, according to the report by the Finance Innovation Lab charity.Conservative MP Sir Andrew Mitchell said: 'The UK is at the centre of a global spider's web of dirty money. 'It is frankly outrageous that UK linked tax havens are continuing to take so many billions out of the public coffers of countries around the world, including many of the world's poorest.'The research is understood to be the first comprehensive attempt to lay bare the scale of dirty money flowing into the UK. It concludes that the scale is both 'substantial and systemic'.'The UK's global role as a financial hub brings economic benefits, but it also attracts criminal, corrupt, and tax-abusive activity that undermines national integrity, distorts markets, and erodes public trust,' it warns.Ministers have been urged to 'demonstrate leadership' by confronting the UK's role in enabling financial crime and tax evasion.
