Some reporting from a few years ago to back up the assertion that white collar crime is rising as a result of reduced state capacity:
https://www.ft.com/content/8751e754-6e3e-11e7-bfeb-33fe0c5b7...
I would guess the situation has only got worse in the meantime.
Many UK public services are in real need of meaningful investment, but to connect that to this phenomenon without any kind of evidence is incredibly tenuous.