Paying Creatives a Living Wage Could Unlock £42 Million Boost for UK Economy

18 hours ago7 min read4 comments

A new economic report reveals that guaranteeing a living wage for the UK's creative professionals could supercharge the national economy by an estimated £42 million. This analysis highlights the immense untapped potential within a sector often characterised by financial insecurity and underpaid gigs, which drives talented individuals away from their vocations.The study argues that this financial injection is not an expense, but a strategic investment in the artists, musicians, designers, and performers who are fundamental to the nation's cultural output and global appeal. By providing a stable financial foundation, creatives would be empowered to innovate, take bolder artistic risks, and reinvest their earnings into local businesses, from instrument shops to hospitality venues.This model, proven successful in a recent Irish pilot programme, aligns cultural policy with robust economic growth. The projected £42 million uplift signifies more than mere revenue; it represents a flourishing, sustainable creative industry where talent is nurtured and Britain's cultural legacy is secured for the future.

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#living wage

#UK economy

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#Ireland

#financial boost