A FANTASTIC SECTOR OF THE BRITISH ECONOMY

According to recent assessments, the country’s creative industry may be considered an embodiment of success.

“The British creative industry is experiencing an economic boom, being the leader in population employment and in exports”, the report of the UK Department for Culture, Media and Sport indicates. Population employment in the field of creative economy has grown by 5.5% in 2014, compared to 2.1% increase of the overall national employment. And in comparison with the earlier period (2011), the growth is even more impressive: 13.7%.

The Department includes the following fields in the creative industry group: advertising, marketing, architecture, handicrafts, design, cinema, TV, video, radio, photography, IT, computer services, publishing, museums, galleries, libraries, music, performance and visual arts.

UK Culture Secretary John Whittingdale said: “The latest figures show that the British creative industry may be considered an embodiment of success.” He calls it “a fantastic sector of the economy”, adding: “Our films, music, festivals, and many other cultural achievements are recognized and appreciated all over the world. Therefore, the government intends to do everything in its power to maintain favourable conditions for the further development of the creative industry.”

It’s no wonder the British creative industry has achieved such results, for over just the last several years it has given to the world James Bond and “Star Wars”, new albums by Coldplay, Mark Ronson, Emile Sandé, books and films about Harry Potter, etc.

UK music festivals should be mentioned separately, since they are exactly the ones that have become a constituent part of the astounding growth of music tourism in the country. For instance, this year all 120,000 tickets to the famous Glastonbury Festival were bought up in a record-breaking 28 minutes. The cost of one ticket is around 220 pounds. It is interesting that this festival originally started with a concert for 1,500 fans in 1970, and the ticket price was 1 pound then. Reading and Leads Festivals, taking place concurrently, belong to the oldest festivals in the world as well. Each of these festivals is attended by 85,000 fans every year, and the ticket price this year amounts to 213 pounds.

Further details of the report on the British creative industry can be viewed here. 

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