Fake Postage Stamps Scandal in the UK

SOURCE www.breitbart.com
British authorities have accused China of flooding the UK with fake postage stamps, leading to complaints from customers being charged forgeries of stamps. The Royal Mail introduced a new tracking system to combat counterfeits, but the fake stamps are still circulating. The situation is being compared to economic warfare tactics from the Second World War.

Key Points

  • Rise in detected forgeries of postage stamps in the UK traced to Chinese companies
  • Customers being charged for receiving letters with fake stamps
  • Royal Mail accused of inertia in dealing with the issue
  • Comparison of situation to economic warfare tactics from the Second World War

Pros

  • Increased awareness of counterfeit postage stamps
  • Implementation of new tracking systems by Royal Mail

Cons

  • Customers being charged for fake stamps
  • Potential economic repercussions for China