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It was great to be involved in launching the (dare I say hotly-anticipated?) latest Advertising Pays report in a sunny Manchester last week. It’s the ninth in the long-running series by Credos – and the first one to reflect on a quarter of a century of advertising. And what a twenty-five years it has been. The UK and global media landscape has changed significantly, as has society, the economy and politics – and we have all listened to plenty of presentations and read many reports noting that ‘change is the only constant’.
AdPays 2025 clarifies how dynamic and vibrant an industry advertising remains – and quantifies how significant its contribution is to the UK economy. With 60% of all UK businesses investing a total of £66.6bn in advertising in 2024, and £109bn of gross added value (GVA) attributed to advertising, we also sit in a unique position across creative and professional services and rank above many more feted industries in direct GVA.
We also must not ignore the soft power that advertising brings to our country, helping support the UK’s growth agenda. To that end, this week UK Advertising, backed by their industry partners and the Department for Business and Trade, announced their return to Cannes Lions next month. More detail to come on that next week, but their Government-backed trade mission will champion the UK’s world class creativity and aim to accelerate international growth – an ambition that we can hopefully all get onboard with.
Our must reads:
Our pick of the ads:
Dates for your diary:
And finally, on Wednesday evening the Advertising Association hosted The Debating Group’s latest debate in Westminster on the motion ‘Merit is the most important consideration when hiring.’ Speakers included Grace Blue’s Sarah Skinner, Havas’ Ewen MacPherson, Baroness Neville-Rolfe of Chilmark DBE CMG and Baroness Goudie of Roundwood. The notion of ‘merit’ was deemed subjective and contextual, leading to the motion being opposed.
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