08/05/2006

Illegal goods trade reaches nearly £1bn in UK

Britons have bought nearly £1 billion worth of goods illegally in pubs and bars, according to research by Halifax Home Insurance.

Around 12% of people admitted to purchasing items on the black market, spending an average of £168 each, the Halifax survey of more than 1,000 people found.

Two-thirds of those surveyed also said that they would also knowingly buy stolen goods, with men being more than twice as likely to illegally purchase things than women.

DVDs and CDs were the most likely items to be purchased, followed by clothing, mobile phones, jewellery and electrical goods.

Vicky Emmott, spokeswoman for Halifax Home Insurance, said: "Millions of Britons may be unwittingly fuelling a cycle of theft.

"People should be aware that this is not a victimless crime, their pursuit of a bargain is part of the reason burglary remains a widespread social problem."

(KMcA)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

13 May 2014
HGV Levy Barrier To Cross-Border Trade
The Heavy Goods Vehicle (HGV) levy has been critised as a barrier to cross-border trade. Speaking following an Assembly debate on a motion on the issue, Sinn Féin MLA Barry McElduff said: "The HGV levy, which was imposed by Westminster, acts as a barrier to north/south mobility and trade.
10 November 2004
Registration scheme lures thousands of EU workers
Around 91,000 people from eight of the EU's accession states have signed up to the new worker registration scheme registered, according to figures released today. The Home Office revealed that up to 45% of that number had been working illegally prior to the May 1 sign on date.
06 November 2001
Halifax survey heralds fall in house prices
It has been revealed that house prices in the UK have fallen by 0.5 per cent in October in what is being heralded as the first signs of a slowdown in the UK property market.