Britain is losing billions of pounds in taxes because of its failure to crack down on the black market in drink, cigarettes and fuel

DISCLAIMER:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.

Britain is losing billions of pounds in taxes because of its failure to crack down on the black market in drink, cigarettes and fuel, according to a report.
The tax gap would have been more than enough to fund a 1p cut in the basic rate of income tax.
The TaxPayers' Alliance, which compiled the study, warns that David Cameron's plan to set a minimum price for alcohol - in a bid to tackle binge drinking - will exacerbate the smuggling problem.