Why High Fashion Is Important to the U.K. Economy

The video discusses the significant role of the fashion industry in the UK economy, comparing it to other sectors like telecoms and car manufacturing. It highlights the industry's employment figures and its importance in global negotiations, especially in the context of Brexit. The British Fashion Council is actively engaging with the government to address challenges such as free movement and trade complexities. Despite Brexit concerns, the UK luxury market remains resilient, driven by demand from China. The video also touches on trade tensions and the need for strategic government collaboration to secure favorable outcomes for the fashion industry.

How much does the UK fashion industry contribute to the economy?

• £10 billion

• £50 billion

• £32 billion

• £20 billion

Which industry is the UK fashion industry larger than?

• Car manufacturing

• Healthcare

• Telecoms

• Financial services

What is a key concern for the fashion industry in the context of Brexit?

• Increased taxes

• Free movement of people

• Lack of raw materials

• Decreased demand

What progress has been made regarding visas for models?

• Temporary work permits

• Complete visa removal

• Tier one visas for models

• No progress

Which market is significant for the UK luxury fashion industry?

• India

• Australia

• Brazil

• China