How post-lockdown rush back to gigs has breathed new life into Britain's economy: Pop superstars Taylor Swift, Beyonce and Coldplay help drive record £6bn triumph for UK's live music scene
Daily MailThe UK's live music scene has never been in ruder health, according to a new report which puts the economic value of gigs at more than £6billion for the first time. Industry body Live music Industry Venues & Entertainment 's annual report on the health of the sector says a post-lockdown rush back to venues has driven a 17 per cent year-on-year boost to Britain. Taylor Swift's earth-shattering Eras Tour suggests 2024's figures will be even higher - with the impact of the 34-year-old Fortnight singer so vast economists believe the shows stopped the UK's rate of inflation from dropping below two per cent. Coldplay played a number of UK stadium shows in 2023, helping to drive the live music industry's contribution to the economy to a record high Beyonce's Renaissance tour took in Cardiff, Edinburgh and London last year Taylor Swift's Eras Tour is expected to deliver a similarly explosive contribution to Britain's economy in this year's figures Your browser does not support iframes.