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.
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.
Moody's downgrades outlook for UK banking system
Industry grinds to a standstill in face of political uncertainty, survey
