Mike has backed the findings in the annual Intellectual Property (IP) Crime Report that co-ordination between key government bodies has led to the highest level of seizures of counterfeit goods by HM Revenue & Customs and the UK Border Force.
The annual IP Crime Report, published by the IP Crime Group, highlights a number of positive aspects of Britain’s fight against IP crime, which has a huge impact on the British economy. For example, the Business Action to Stop Counterfeiting & Piracy (BASCAP) group estimates that it costs the UK around €500 million in lost tax revenue and welfare payments, and results in around 15,000 jobs losses each year. To read the report, click here.
Commenting, Mike said: “It’s really encouraging that increased levels of co-ordination have proven really effective at tackling IP crime. Seizures of around £70 million were at the highest level for over three years. It is important to remember that fake goods do not only damage our economy, but that they can also be extremely dangerous, with electrical and cosmetic goods of dubious quality being sold on the black market in the UK.”