Fashion is one of those industries in which Britain is still a leading world power.
About 131,000 people work across the designer fashion industry in Britain and the National Endowment for Science, Technology and the Arts has calculated that, from 2009 to 2013, creative industries — including fashion — will grow by an average of 4 per cent a year. That is more than double the rate at which the rest of the economy is expected to grow.
There are plenty of examples of how Britain’s fashion industry punches above its weight on the world stage. Burberry, recently elevated into the ranks of the FTSE 100 index, is one of the world’s biggest fashion brands, while many of our designers — such as John Galliano,