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ARTICLE · 12 OCTOBER 2022

Recession-proof Your Whistleblowing System

According to the Office for National Statistics ONS, despite Sterling's recent rise against the dollar, the UK economy remains 0.2% below pre-Covid 19 levels.

United KingdomEmployment and HR

Introduction

Much of the world appears to be heading towards a recession.

According to the Office for National Statistics ONS, despite Sterling's recent rise against the dollar, the UK economy remains 0.2% below pre-Covid 19 levels. And given the current economic conditions, City forecasters say it is a case of 'when' rather than 'if' the UK eventually falls into recession.

What might it mean for businesses and organisations across the world? And what might it mean specifically for whistleblowing managers?

Well, there is a generally held belief that wrongdoing – especially fraud and theft – increases during times of recession.

In this article we'll ask the question, is this true? We'll also offer practical tips to bolster your Whistleblower line and prevent or minimise fraud and theft in your business.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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