Monday, 12 March 2018

What Britain’s organised criminals think of Brexit.

The The UK’s narco moguls are yet to join the debate about leaving the EU.

No one has asked the narcotics industry what it thinks of Brexit. They should. This industry relies on cross border trade and the movement of both people and commodities. Like the banks, the car manufacturers and the supermarkets, drug dealers will be impacted by Brexit.

But the decline of the UK narcotics industry will have a knock-on effect on the mainstream economy. This sector contributes around £10bn to the British economy, and such profits are now included in the nation’s GDP. It also provides regular investment for real estate and banking – the City of London is said to be a favourite with drug money launderers. When combined with prostitution, its 75,000-strong workforce makes it the second largest private employer in the country behind John Lewis.

By Mike Marinetto.

Full story at New States Man.

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