ABC Money
Home

Britons willingly spend £1 billion on stolen goods in pubs and bars

LONDON - Almost 5.6 million Britons willingly buy stolen goods from pubs for an estimated £1 billion, a new survey by Halifax Bank has found. The most popular purchases were DVDs, electrical items and jewellery

Published :
Tue, 09 May 2006 10:15
By : David Simms
Print this Story


AddThis Social Bookmark Button

LONDON - Almost 5.6 million Britons willingly buy stolen goods from pubs for an estimated £1 billion, a new survey by Halifax Bank has found. The most popular purchases were DVDs, electrical items and jewellery.

One in eight people surveyed said that they had willingly brought items on the black market spending about £168 on an average. Only 22 percent of those who purchased goods in the unlicensed pubs and bars asked the sellers where the goods came from, while 58 percent admitted that they would not report someone if they believed he/she was selling illegal goods.

"Millions of Britons may be unwittingly fuelling a cycle of theft by making it easy for burglars to resell their products in pubs and bars. 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," said Vicky Emmott, a senior underwriter at Halifax Home Insurance. "It is crucial they report suspicious traders operating in public houses and we would urge the public to only purchase goods from legitimate sources."

The survey found that 116,000 adults spent £2,500 on goods purchased from unlicensed pubs and bars. 17 percent men were likely to purchase goods of dubious origins, while 8 percent of women were likely to do so. Men spent an average of £202 for such items as compared to £95 spent by women.

"Britons know it is illegal to purchase goods from unlicensed traders in bars and public houses. They should be aware they could face criminal prosecution for handling stolen goods," Emmott said.

Reacting to the findings of the survey, Mark Hastings of the British Beer and Pub Association said that licensed premises are usually run by reputable professionals, "However, it is vital licensees are aware that there are criminals about who have no hesitation in using pubs as places to sell stolen goods," he added. "We are calling on our members to be vigilant and to report any suspicious activity to the relevant authorities."


Share on


 You Might Like
Shoplifter Britain
3 charged in Securitas depot heist, kidnap of manager
Halifax Insurance
British Beer and Pub Association

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.