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The UK's advertising industry is a success story, adding £120 billion to the UK's economy and supporting over 1 million jobs in 2016. The UK, especially London, is a global centre for advertising, exporting services to clients around the world. In turn it attracts talented workers from overseas, giving the industry its strong international quality. The sector contributes to the UK's culture and society and shines a spotlight on the country as a positive place to do business.
However, the industry is in a state of flux, following rapid year-on-year growth with an increasing number of businesses embracing digital advertising techniques, which often rely on processing personal data of consumers. Additionally, the United Kingdom’s departure from the European Union presents a challenge for the industry’s access to international workers.
As the voice of the marketing sector and the world’s leading marketing body, The Chartered Institute of Marketing (CIM) submitted evidence to a Government select committee investigating the future of UK advertising in a digital age. Using this evidence and the views of leading figures from across the sector, the House of Lords launched late last week the ‘UK advertising in a digital age’ report.
The key recommendations from the report are:
More information and a copy of the report can be found here: https://www.parliament.uk/business/committees/committees-a-z/lords-select/communications-committee/news-parliament-2017/uk-advertising-report-publication/
An overview of CIM our history and services.
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