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Profession could take £1.2bn hit from covid amid ‘cultural catastrophe’, economists warn
Architecture is projected to lose more than £1bn in revenue as a result of the coronavirus pandemic, according to research published today.
And 1,800 architects and their colleagues could lose their jobs, warns the report by Oxford Economics. That represents 2% of jobs in architecture, the authors said.
The report which looks at the cost of covid across the creative sector was commissioned by the Creative Industries Federation which predicted a “cultural catastrophe” and urged the government to set up a cultural renewal fund.
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