By Mark T Connor • Published: 17 Jun 2020 • 13:50
Culture in trouble
LATEST research published today projects that the creative industries could lose £74 billion, (€82.5 billion) in revenue this year.
The forecast is projecting that the pandemic could hit the creative sector twice as hard as the wider economy.
The research continued, speculating that the impact could be felt all over Britain, leading to the loss of one in five creative jobs.
Chief executive of the Creative Industries Federation Caroline Norbury was heard to say: “Our creative industries are one of the UK’s biggest success stories, today’s report makes it abundantly clear, without additional government support, we are heading for a cultural catastrophe.
“If nothing is done, hundreds of thousands of jobs could be lost and billions could be lost to our economy.
“The repercussions would have a devastating and irreversible effect on our country.”
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.