Music industry figures including Billy Bragg, Paloma Faith, and Annie Lennox have published an open letter describing the Brexit as a ‘significant threat’ to the country’s music industry. The UK will be leaving the EU on March 29th, and stopping the Brexit would require a change in UK law.
The letter, published by the Music4EU initiative, criticized the UK’s pending exit:
“Leaving the EU’s customs union, single market, VAT area and regulatory framework (in whole or part) could devastate our global market leadership, and damage our freedom to trade, tour and to promote our artists and our works.”
British artists and industry executives have long been public critics of the Brexit. In September, CEO Geoff Taylor of the British Phonographic Industry (BPI) commented:
“Over the next few years, our Government is going to be seeking to negotiate trade deals with countries around the world and this represents a potential opportunity to raise the profile of the UK in emerging markets and increase our share in developed markets, both of which will have the potential for growth, particularly in streaming services… At the moment, though, we are in a period of uncertainty.”
At this point, it is hard to say if the UK government will seek to stall or negate the impending crisis, and if it goes through it is impossible to predict the actual consequences on the profitable British music industry. What is certain is that the Brexit, if finalized, would have monumental effects.
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