16 September 2010

Crumbs! British Fashion Industry is worth £21bn!

Hat by Stephen Jones, modelled by Olivia Inge

Today, being London Fashion Week eve, seems a very timely one to announce the findings of a report – that the British Fashion Industry is worth £21bn to the UK economy! The report was commissioned by the British Fashion Council, who will now stand before ministers in the House of Commons today to break the good news.

In fact, they found that when you take into account the “spillover effects” on other industries - such as tourism - fashion’s total contribution to the U.K. economy is more than £37bn altogether.

Chairman of the BFC and owner of Jaeger and Aquascutum, Harold Tillman said 'fashion is a great British success story and this landmark piece of research underlines its true scope and economic impact'. What a wonderful start to London Fashion Week, we think (as if we weren't all super-excited already)

The report also shows that the industry employs 816,000 people and is Britain’s largest employer across all of the creative industries. AND it's the country’s 15th-largest industry. We always knew that our uncontrollable shoe-buying habit wasn’t a bad thing, we just didn’t have the justification. Now we know that we’re actually KEEPING THE COUNTRY AFLOAT! Hurrah!

[WWD]


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