The arts are a significant contributor to the UK economy. Here’s a quick breakdown of their impact:
Economic output: The creative industries, which include the arts, are estimated to generate £126 billion in gross value added (GVA) to the UK economy. This represents around 5.6% of the total economy.
Employment: The creative industries employ around 2.4 million people in the UK, accounting for 7% of all filled jobs. This sector has also seen a faster recovery in employment after the pandemic compared to the rest of the economy.
Art is hugely profitable.
So your argument is… Yay capitalism?