UK Music's chief executive Tom Kiehl warned that the industry faced a number of challenges, pointing to the "need for urgent action". LONDON: Britain's music industry contributed £8 billion (US$10.5 billion) to the UK economy in 2024, but the effects of Brexit and AI have clouded the sector's outlook, an industry report showed Wednesday (Nov 12). UK tours by Taylor Swift and Take That helped lift the industry's contribution to the UK economy last year, according to the annual report from UK