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The way drugs and prostitution boost the UK economy
Later this year, the UK economy will get a £10bn boost from illegal drugs and prostitution, writes Anthony Reuben. The Office for National Statistics, which has to calculate the figure, confirmed it at an economic forum last week and will publish more details next month. It will be £3bn from prostitution and £7bn from illegal drugs. The European Union has declared that illegal activities need to be included in national accounts so that comparisons can be made between countries. In the Netherlands, for example, some drugs are permitted that are illegal elsewhere in Europe, and there is legal prostitution. Given ... (full story)
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