As the election period is nearing its conclusion, I wanted to provide you with pivotal insights from our latest report, "Fashion & Economic Value Report 2024." This report underscores the significant contributions and future potential of the UK fashion sector and outlines critical recommendations for driving sustainability, inclusivity, and economic resilience within the industry.

Report cover: Design by www.studiobyfarr.co.uk

The government should focus on increasing productivity and investment in skills. The UK has a lower productivity level and growth than other countries such as Germany, France, and the US. A longer-term plan focused on investment in skills and innovation will amount to a more sustainable economic growth compared to short-term policy options such as the tax cuts proposed.