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Crime Solicitors
Income from drugs and prostitution to be included in UK GDP (2 June 2014)
Date: 02/06/2014
The Office for National Statistics (ONS) has announced that income from crimes such as prostitution and drug dealing must be included in official estimates of the UK economy from autumn this year.
The Daily Mail reports that the new ruling from Brussels could add an estimated £10 billion windfall from the proceeds of crime to the UK’s official estimate of its finances.
The ONS has estimated that the proceeds of prostitution add £5.3bn to the UK economy – while drug dealing boosts Britain’s finances by £4.4bn.
The ONS produces quarterly statistics on the UK economy, known as GDP (Gross Domestic Product).
Traditionally, the statistics include manufacturing output and other industries such as tourism, construction and agriculture.
However, the EU has now said that member states will have to include estimates of how much illegal activities such as the drugs trade contribute to a country’s economy.
The figures will cover production of drugs (growing drugs or importing them), expenditure (buying them for personal use at home) and income (selling drugs for profit). Electricity costs involved in drug production in the UK will be factored in.
Production expenditure relating to prostitution will include increases in the cost of renting premises for prostitution, as well as expenditure on items such as condoms and clothes bought for working as a prostitute.
Other countries separate different areas of prostitution into street activities or escort activities – but the ONS said that, in the UK, data was not available to enable this and conceded that this area of the economy was “very difficult to measure”.
Duncan Lewis Crime Lawyers
Duncan Lewis is a leading firm of crime lawyers and our team is available 24/7, 365 days a year to advise on criminal charges relating to drug offences or prostitution.
Duncan Lewis crime lawyers regularly visit police stations, courts and prisons – including youth courts and Youth Offender Institutions.
For expert legal advice on criminal charges and representation, contact Duncan Lewis crime lawyers on 020 7923 4020.
For out-of-hours criminal law advice and representation, call the Duncan Lewis Crime Lawyers Hotline on 07920 077057.