International Business Times
If politicians and the public can put aside long-held prejudices, then they may be able to solve some of the tough economic questions Britain has to answer by unleashing the financial power of two untapped markets: drugs and prostitution.
These multi-billion pound industries lurk in the shadows of Britain, operating at every moment of every day in every part of the country.
Ending Britain's role in the War on Drugs and its criminalisation of the sex worker industry, for many, makes perfect fiscal as well as moral sense.
"It's win, win, win," Danny Kushlick of the Transform Drugs Policy Foundation tells IBTimes UK.
"The point really is that not only are there savings from not prosecuting a futile war, and not creating the vast criminal market that goes with that, there's also the tax."
The English Collective of Prostitutes (ECP), a campaigning body for the decriminalisation of prostitution, shares a similar view.
Prostitution is technically legal within British law, but it is surrounded by other rules that make it practically impossible to carry out lawfully, such as women working on the street being charged with loitering and soliciting, and that two or more women working in one property can be charged with brothel keeping.
"If prostitution was decriminalised, costs would be saved, starting with police and criminal justice resources which are currently dedicated to the surveillance, investigation, prosecution, and even imprisonment of sex workers working collectively and consensually," says Niki Adams of the ECP to IBTimes UK.
"There is no justification for squandering public money criminalising sex workers, especially at this moment in time."
Both industries are big. Given that they are off-the-books - you won't find many drug dealers or sex workers filing quarterly earnings reports - it is difficult to put any figure on how much each is worth.
A 2007 report by the Home Office gave a "very rough" estimate of between £4bn and £6.6bn for the six main illicit drugs; cannabis, amphetamines, ecstasy, powder cocaine, crack cocaine, and heroin.
At the time it was worth the equivalent value of 41 percent of the alcohol market in the UK.
In a separate 2008 report the Home Office valued the UK prostitution market at £1bn.
All the while Britain is struggling through billions of economically-crippling austerity measures for its public finances, as the government slashes spending to bring its budget deficit down.
There is no money, claims the government, and so costs must be cut, including vital public services.
Full article:
http://www.ibtimes.co.uk/articles/4...y-drugs-prostitution-indsustry-costs-tdpf.htm