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UK Music Industry Soars: £8 Billion Boost in 2024

11/13/2025

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Summary

Story summary

In 2024, the UK music industry contributed £8 billion to the economy, a 5% increase from 2023.
Major tours, including Taylor Swift's Eras tour, drove growth in the sector.
Music exports rose to £4.8 billion in 2024.
UK Music reported 4,000 new jobs and 220,000 total full-time positions, with 43% of music workers earning under £14,000 annually.
UK Music highlighted post-Brexit challenges, including higher touring costs and visa complexities.

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Story summary

In 2024, the UK music industry contributed £8 billion to the economy, a 5% increase from 2023.
Major tours, including Taylor Swift's Eras tour, drove growth in the sector.
Music exports rose to £4.8 billion in 2024.
UK Music reported 4,000 new jobs and 220,000 total full-time positions, with 43% of music workers earning under £14,000 annually.
UK Music highlighted post-Brexit challenges, including higher touring costs and visa complexities.