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Economy and Society: Contribution of Music

Part of High Speed 1: Rolling Stock – in Westminster Hall at 2:33 pm on 21st January 2020.

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Photo of Conor McGinn Conor McGinn Labour, St Helens North 2:33 pm, 21st January 2020

Absolutely. I share my hon. Friend’s ambition to do that, as well as her warm words for her predecessor. Like him, she certainly was not backward in coming forward to intervene so early in my speech.

UK Music’s new report, “Music By Numbers”, represents the most comprehensive set of data and research ever gathered on the state of the music industry. It reveals that the music industry is worth a staggering £5 billion to the economy and employs almost 200,000 people. According to the report, sectors such as live music grew by 10% in 2018, and live music alone is now worth a record £1 billion.