In Great Britain, a line of cocaine now costs less than a glass of wine. According to The Telegraph:
“The Home Office has admitted that the street price of both cocaine and heroin has fallen by nearly half in the last ten years, making the most dangerous illegal drugs cheaper than they have ever been.”
James Brokenshire, the Conservative shadow home affairs minister, has referred to this revelation as “startling,” adding that these figures “show the reality of drug use in Britain. Price falls of this nature indicate that the supply of hard drugs into this country has jumped. It's a serious indictment of Labour's failure to combat drug crime and stem the flow of drugs onto our streets.”
The article cites numerous possible causes for the plummeting street value, including a dramatic decrease in the amount of drugs being seized by authorities in recent years. According to the article, “In 2003, 6,813 kg of cocaine was seized by police and customs officers in England and Wales. In 2006/07, it was 3,191kg. The last time cocaine seizures were smaller was 1999.”
The Home Office has suggested that the falling drug value may be linked, at least in part, to decreased public interest in these drugs. According to a spokesperson:
"A reduction in price may be associated with increased competition or reduced demand, not just increased availability. The British Crime Survey data shows that among 16-59 year olds Class A drug use in the past year declined from 3.4% in 2006/07 to 3.0% in 2007/08. In relation to cocaine the average purity at street level has declined continuously for a number of years, from 51% in 2003 to 34% in 2007."
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