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British Spending $20 Billion on Drugs, Prostitutes, New Government Statistics Show

  1. Beenthere2Hippie
    View attachment 40703 ENGLAND - British households are spending about $20 billion per year on drugs and prostitutes, according to figures from the Office for National Statistics (ONS) released on Tuesday. British statisticians have estimated sales of illegal drugs and sexual services before, but this is the first time it has been officially added to figures on Britain's economic spending.

    Household spending, or what the ONS calls total household final consumption expenditure (HHFCE) was £12.33 billion ($20 billion) higher in 2012 because of “illegal activities,” primarily “narcotic drugs and prostitution,” the new report found.

    The UK is not the only country adding illegal spending to its estimates. Italy's national accounts will also be changed to reflect drugs and prostitution expenditure. But they will have to spend big to beat the UK: between 1997 and 2013, illegal activities have been added about 1.4% to overall British household spending.

    In the second quarter, spending on drugs added £1.67bn, according to the ONS. That’s slightly more than the UK spent on wine and cider, which came in at £1.54bn for the same three-month period.

    Prostitution was smaller in the same quarter, with spending at about £1.42 billion. That’s closing in on hairdressing, salons, and personal grooming establishments:











    The US does not add spending on illegal activities to their economic figures, but it is not off the cards, according to the New York Times. The Bureau of Economic Analysis says that it needs to "look at the issue more closely."








    Business Insider/Sept. 30, 2014
    http://www.businessinsider.com/revised-british-household-spending-figures-2014-9?
    Newshawk Crew

    Author Bio

    Beenthere2Hippie
    BT2H is a retired news editor and writer from the NYC area who, for health reasons, retired to a southern US state early, and where BT2H continues to write and to post drug-related news to DF.

Comments

  1. Booty love
    Re: British Spending $20 Billion on Drugs, Prostitutes, New Government Statistics Sho

    wow! 2 of the 3 things that should and can be legalized. the third being gambling.
  2. dr ACE
    Re: British Spending $20 Billion on Drugs, Prostitutes, New Government Statistics Sho

    A nation of hypocrites,gangsters,junkies and whores, but don't we hide it well.That is a shit ton of what looks like Moroccan pollen bars,staple diet of British pot heads
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