British music industry adds record £8bn to UK economy, according to UK Music

<p>Taylor Swift’s Eras tour among the big events driving spending, as British artists perform well overseas and job numbers rise</p><p>The music industry contributed a record total of £8bn to the UK economy in 2024, powered in part by Taylor Swift’s Eras tour and Take That’s stadium run.</p><p>According to figures in the annual report from UK Music, the umbrella organisation encompassing a range of bodies including the BPI and PRS for Music, the figure is a 5% rise from the £7.6bn contributed to UK GDP in 2023. As well as tours generating revenue through ticket sales, tourism and more, the £8bn figure also factors in revenue from recorded music, whether via sales, streaming, commercial deals and other sources.</p> <a href="https://www.theguardian.com/music/2025/nov/12/british-music-industry-adds-record-8bn-to-uk-economy-according-to-uk-music">Continue reading...</a>