The UK luxury sector contributes £81 billion ($102.7 billion) annually to the economy and supports 454,000 jobs, growing 69 per cent over five years despite Brexit and COVID-19 challenges.
Walpole warns growth may stall without tax and IP reforms. By 2028, contributions could reach £125 billion, surpassing life sciences and construction sectors.The UK luxury sector contributes £81 billion ($102.7 billion) annually to the economy and supports 454,000 jobs, growing 69 per cent over five years despite Brexit and COVID-19 challenges.
Walpole warns growth may stall without tax and IP reforms. By 2028, contributions could reach £125 billion, surpassing life sciences and construction sectors.
