Some good news for the creative industries in the UK, including music: they are now worth $117.4bn a year to the UK economy. This is according to the National Office of Statistics’ latest report, which suggested that since 2008, the creative industries’ value has grown by 15.6% compared to the 5.4% growth for the wider UK economy. Employment in the industries – TV, film, publishing, advertising, performing arts, architecture and design alongside music – increased by 8.6% between 2011 and 2012 according to the report, compared to 0.7% for the UK as a whole. Cue the usual dance where industry leaders claim their importance to the economy is why they deserve more support from government in tackling piracy, while critics suggest that their growth proves piracy isn’t the dire threat they have claimed. Either way, expect to see the stats quoted regularly in the year ahead.

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