19-02--2019
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A quarter of Brits purchased counterfeit goods in 2018
Although counterfeiting is not new, the sale of ‘fake’ goods is increasing, which is unsurprising given the digital age in which we live
in, whereby image is everything. With a growing desire for high-end goods at a fraction of the price, from clothing to electrical goods
and everything in between, knowing what is real and what is fake is becoming much harder to differentiate.
According to The Organisation for Economic Co-operation and Development (OECD), nearly £76 billion worth of imported goods
are counterfeit or pirate, with the UK loosing billions each year due to the increasing counterfeit market. This is an immense loss,
considering the UK Card Association has estimated the value of online card spending to be around £154 billion a year. Making the
loss due to fake goods just shy of half of the UK’s online card spending.
Channel info /Great Brittain