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Counterfeit goods costing UK economy £9.2bn

The UK economy is missing out on billions a year as a result of the global trade in fake goods, which was behind more than 86,000 lost jobs in 2016, according to the OECD.

Counterfeit goods costing UK economy £9.2bn
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In terms of UK imports, the OECD report estimates that fake goods imported to the UK were worth £13.6bn in 2016, equivalent to 3% of genuine imports, up from £9.3bn in 2013. The most common imported fakes include mobile phones and accessories, clothes, footwear, handbags, and games.

Read more at the Accountancy Daily.

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