EntertainmentmusicTours and Concerts
Paying a Living Wage to Creatives Could Unlock £42 Million Boost for UK Economy
A new economic report presents a compelling case for fair pay in the creative industries, revealing that guaranteeing a living wage for artists, technicians, and cultural workers could generate a £42 million surge for the UK economy. The study reframes the debate from one of charitable subsidy to one of strategic economic investment, highlighting how chronic underpayment has stifled a key growth sector.This financial uplift, modelled on a successful Irish initiative, would be driven by the powerful multiplier effect. With stable incomes, creatives would spend more on equipment, services, and local commerce, increase their tax contributions, and rely less on state support.The findings challenge the long-held notion of art as a 'labour of love' that justifies financial precarity, arguing instead that securing the sector's workforce is a direct investment in national prosperity. The message is clear: supporting the financial health of the UK's creative core is not just a cultural imperative, but a sound economic strategy that promises a richer return for the entire nation.
#living wage
#UK economy
#creative industries
#music
#featured
Stay Informed. Act Smarter.
Get weekly highlights, major headlines, and expert insights — then put your knowledge to work in our live prediction markets.