Yesterday Ed Vaizey, the Culture Minister, and Vince Cable, the Business Secretary, helped launch the "Value of Fashion" report at the House of Commons - a detailed survey of the UK's fashion industry that was commissioned by the British Fashion Council (BFC) and put together by Oxford Economics, a well-respected and long-established provider of economic analysis.
When the BFC's report points to the tourism that is generated by our fashion business, it is not only referring to the vibrant and creative designer scene - our high-street style is also the envy of women across the globe. Topshop and its competitors convert designer trends into high-street clothes at a record speed - something that other countries' chain-stores may have tried to imitate but our British brands still lead the way.
It the reason why foreign buyers, editors and celebs head for our high- street stores when they make their annual trips to Fashion Week. The diversity of our high-street fashion is one of its strongest selling points. There is a wealth of choice and the on-trend, well tailored clothes are at bargain prices.
Viva the British Fashion Industry! xxx
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