Music biz contributed £7.6bn to UK economy in 2023

Huge shows by acts such as Beyoncé, Burna Boy, Harry Styles, Blur, P!nk, Elton John and Ed Sheeran helped the UK music industry contribute a record £7.6 billion (€9.1bn) to the UK economy in 2023.

UK music’s contribution to the UK economy rose 13% from £6.7bn in 2022 in terms of Gross Value Added (GVA), according to the latest edition of UK Music’s annual economic report, This Is Music 2024.

The umbrella association’s study adds that exports received a further boost from…

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