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Daily Insurance Industry News
Sunday 21st of January 2018
January 10, 2011

UK product recalls soar

by Gill Montia

Story link: UK product recalls soar

The UK saw the highest number of product recalls ever during the year to 31st October 2010, according to research from Reynolds Porter Chamberlain LLP (RPC).

The City law firm recorded a 12% rise on the previous 12 month period, to 229, with the increase fuelled by a 40% leap in recalls of pharmaceutical and other healthcare products.

UK recalls of goods made in China continued to be a major trigger of health and safety alerts and there were several high profile car recalls from manufacturers including Ferrari, Toyota, BMW and Rolls Royce.

In the case of Toyota, millions of vehicles were recalled worldwide because of faulty accelerator pedals, and the company faced criticism from consumer groups for allegedly delaying action.

However, RPC partner, Stuart White, comments: “Following that kind of negative publicity other corporates are very wary of putting their reputation in jeopardy by delaying a recall.”

The number of recalls in the UK actually fell for the first time in 2009 and RPC explains that at the height of the recession, when faced with increasing financial pressures, businesses might have chosen not to recall a product when the likelihood of a health and safety issue was negligible.

 

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