Tool Theft in The UK: The £100m Robbery
A work van is broken into, and tools are stolen, every 23 minutes in the UK.
Research from Powertools2U reveals that the average tool theft claim costs the tradesperson £1,692 – a figure that unfortunately, can sometimes be doubled with 50% of victims have had their tools stolen at least twice.
Powertools2U have analysed the tool theft epidemic, uncovering how much is stolen on average every year and how this can affect tradespeople both financially and mentally: https://www.powertools2u.co.
The Results of the Tool Theft Epidemic
- In 2017, the average value of theft claims rose to £1,692, which was an increase of £253 from the year before.
- 50% of tradespeople who’ve experienced tool theft couldn’t work the next day, with some workers having to take a fortnight off.
- Being unable to work costs 50% of tradespeople at least £500.
- 75% of reported vehicle thefts are closed without identifying a suspect.
- Tool theft costs Britain’s tradespeople nearly £100 million a year.
With van break-ins becoming a bigger problem for tradespeople, Powertools2U have uncovered the worst cities for tool theft across the UK:
