The Creative Industries Federation (CIF) has called for the government and political parties to support a second referendum on whether the UK should leave the European Union.
The body that represents the UK’s creative industries has urged party leaders to back a new vote, and stressed the dangers of leaving the EU without a deal.
The call for a second referendum follows the crushing parliamentary defeat for Theresa May’s withdrawal agreement last night. The prime minister lost the vote by a margin of 230 MPs, the biggest loss for a sitting government in history.
CIF chief executive Alan Bishop said: “We have now reached an undeniable cliff edge, and it is imperative that our political parties do what is necessary to prevent the extreme damage that will be caused if we crash out of the EU.
”The free movement of goods, services, capital and people have underpinned the sector’s success and our ability to attract talent, tour freely, and trade on our doorstep is vital to the ongoing success of the creative industries and to the UK as a whole. This is why 96% of our members intended to vote to remain ahead of the referendum, and why crashing out of the EU without a deal would have catastrophic consequences for the sector.
“Although further uncertainty will of course be challenging for the creative industries, this presents less of a threat to the country’s prosperity than leaving the EU without a deal.
“Not only are the creative industries vital to our economy, they also play a fundamental role in the life of every person living in the UK and are of irreplaceable importance to the way that the UK is viewed around the world.”
The CIF says the creative industries are the fastest-growing part of the UK’s economy, contribute more than £100bn in GVA (gross value added) and employ 1 in 11 people.
In the CIF’s global trade report, 40% of the UK’s creative industries stressed that a “no deal” Brexit scenario would harm their business’s ability to export, while 21% would, in the event of no deal, consider moving all or part of their businesses abroad.