UK spending on movies, music and gaming elevated to a report excessive final yr, pushed by elevated demand for streaming throughout Covid-19 lockdowns.
Retail leisure spend elevated 18 per cent to a report £9.3bn in 2020, marking the eight successive yr of progress within the sector and the quickest progress price ever recorded.
The ultimate determine was £210m larger than earlier estimates printed in January by the Leisure Retailers Affiliation (ERA).
The robust efficiency for dwelling leisure got here as the general leisure sector, which incorporates actions corresponding to hobbies, consuming out and holidays overseas, shrunk virtually 30 per cent as a result of pandemic.
The figures confirmed that whereas in-home leisure spending rose 2.3 per cent final yr to £77.7bn, away from dwelling expenditure plunged 39 per cent to £154bn.
Inside leisure, gaming stays the most important single sub-sector, accounting for 48 per cent of complete gross sales.
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This week sees the return of one of the vital evocative names within the British automobile trade to the highest degree of motorsport.
On Wednesday, Aston Martin will unveil its first Components 1 automobile in additional than 60 years.
The transfer into F1 is the keystone of a daring plan to revive the flagging fortunes of the corporate and switch it right into a sporting and business model to rival Ferrari.
It’s the brainchild of Canadian billionaire and govt chairman Lawrence Stroll. His intention, he says, is to construct a enterprise that may have “the strongest profile of any luxurious automotive model”.
Offering a lifeline
In early 2020, Aston Martin Lagonda was in serious trouble. Gross sales have been poor, and the corporate was burning by way of money. Its shares, launched on the London inventory market in 2018, had been haemorrhaging worth.