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British Beauty Leaders Call on Parliament

Industry leaders descended on the House of Commons earlier this week in a bid to drum up support from the U.K. government.

COMMONS PRAYER: British beauty industry leaders descended on the House of Commons earlier this week in a bid to drum up support from the U.K. government. Representatives from Cosmetic Executive Women U.K., a trade organization, said during a reception with members of parliament including Iain Wright, Ed Vaizey, Mary Macleod and Esther McVey, that the beauty industry is worth 17 billion pounds, or $25.78 billion at current exchange, to the U.K. economy, and employs more than one million people, according to statistics provided by CEW. The global beauty industry, meanwhile, is worth 378 billion euros, or $496.6 billion, and is set to grow nearly 30 percent to 487 billion euros, or $639.8 billion by 2017. “British beauty products are respected globally for their style and innovation in much the same way as British fashion and luxury brands,” said Caroline Neville, president of CEW U.K. “We need to do more to export our products and secure a larger share of the global beauty market.”

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