Crime increasingly a ‘serious barrier’ to UK growth, say business leaders
Summary
UK business leaders say crime like shoplifting, fraud, and cyber-attacks is making it harder for companies to grow. The British Chambers of Commerce urges the government to improve support for businesses facing these problems.Key Facts
- Two-fifths of UK companies experienced some form of crime in the past year.
- One in five companies faced fraud or scams, and 21% experienced cyber-attacks.
- Crime is causing businesses to spend more time and money on security instead of growth.
- The BCC suggests the government create a reporting system for cyber-attacks and set up regional crime hubs linking police and businesses.
- High-profile cyber-attacks affected companies like Marks & Spencer, Jaguar Land Rover, and Booking.com.
- The Jaguar Land Rover hack cost the UK economy about £1.9 billion, possibly the most expensive UK cyber-attack ever.
- Shoplifting rose 20% in one year, with over 530,000 offences recorded by March 2025.
- Larger companies and manufacturing firms are particularly affected by business crime.
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