Those frauds cost some billions of pounds in terms of the money that is taken from people or misspent.
Perhaps even more worryingly, retrospective legislation may replace money that has been misappropriated, misspent or otherwise wasted.
It is not always the case, however, that administrative expenditure is misspent.
This is all money which is misspent annually.
We will consult as to what those circumstances should be, but the power is designed to recover money which has been misspent.
These jaundiced reflections of a misspent youth have no historical justification.
Finally, we have to say to ourselves that we are elected to represent ordinary people and it is their money that is being misspent.
We have heard about misspent resources, lack of investment, low rate of return on capital, defective legal mechanisms, inflation and other blinding statistics.
