Topic 2

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The Department for Digital, Culture, Media & Sport (DCMS), protect and promote cultural and artistic heritage and protect businesses and communities by helping and investing in innovation and highlighting Britain as a great place to go to.

Youth projects across the country will be funded with a £12 million boost as part of the governments change to try and help young people thrive and get better opportunities, announced by Nicky Morgan on the 25^th of October. This will include £7 million towards positive youth activities and £5 million for the #iwill fund, which is to try and encourage 10 to 20-year olds to take part in social action like volunteering in the local community for instance. Young people will also receive £500 million youth investment fun for the years from April 2020, they state that not enough is being done for young people now and that they want to give them more of a chance to find somewhere to go, something positive to do and someone to speak to. This could affect my businesses as it could help or potentially fund something that I want to or help me acquire or polish a skill that I need in the future or for my desired business. As well as plans to increase the national living wage providing the economic conditions allow it. He also states that he will change the NLW from 25 so that it applies to those aged 23 and over from 2021, and to those aged 21 and over within five years.

This would positively impact me and my business due to the vast amount of funding the government are trying to put into things for us.

As well as in the UK right now a £1 billion deal is set in order to get rid of bad signal in rural areas. Moves to cement plans to give high-quality 4G coverage to 95 per cent of the UK by 2025. Digital Secretary Nicky Morgan is supportive of a £530 million proposal from the UK’s mobile network operators for a Shared Rural Network with the potential for it to be matched by £500 million investment from Government. This will help me for my business as anything can be done from your smartphone now a days and if anything needed to be changed or checked on the fly, I would not be able to do so with no signal or data.

Brexit will affect the creative industry in many ways like up to one in five creative businesses could find that they have to replace migrant workers with UK nationals after Brexit. Department for Education’s 2017 Employer Skills Survey which stated that 22% of creative businesses in the UK employed an EU national of these people almost a third of which said they had not been able to find the skills they required in British applicants. 52% of the employers surveyed stated that leaving the EU could negatively affect recruitment, while a fifth didn’t know what would happen and a fifth thought it wouldn’t make a difference. Only 4% expected positive effects. Most importantly for is a 12-million-pound boost for youth projects which is aimed to help young people thrive and level up opportunities. This will include up to £7 million for a Youth Accelerator Fund which will expand existing projects and address needs in the youth sector.

Richard lim who is the chief executive of analyst Retail Economics, talks about the potential scenarios ‘Hard Brexit — where existing trade deals disappear, and designers, retailers and manufacturers would have to pay to trade with the EU — would mean clothing and footwear tariffs of about 11 per cent, or just over £1 billion more each year.’ He saids regardless of what happens a pair of jeans will likely go up in price after Brexit he also talks about ‘pool of available staff is likely to shrink, meaning an inflationary impact on wages. It’s likely to be massively disruptive.’

https://www.standard.co.uk/lifestyle/esmagazine/how-will-brexit-impact-the-uk-fashion-industry-a3931611.html

Brexit could very well likely affect my business and the £32 billion fashion industry in the UK which is always coming up with new and creative ideas, but most up and coming creators are most likely to be ill prepared to cope with the tax increases, customs delays and higher supply costs. While some bigger businesses they have been increasing inventory costs outside the UK but for a bottom of the barrel business like mine there’s nothing that can be done. Importing products costs will also be impacted with taxes and the deal we get as well as exporting goods as well.

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A regulatory body is a public organisation or government agency that’s made in order to fulfil a certain function. This includes imposing requirements, conditions restrictions, obtaining compliance etc. Regulatory bodies cover a wide range of professions.

https://www.safeopedia.com/definition/625/regulatory-body

A regulatory framework can mean a lot of different things but it usually tends to include tax information, necessary regulations, relevant rules, laws and regulatory bodies. Frameworks are important for a business as its about to launch as it shows how much burden new businesses need to be aware of.

https://www.reference.com/government-politics/definition-regulatory-framework-b70514a0defa893b

Ofcom regulates TV, radio, fixed line telecoms, mobiles etc and operates under several acts of parliament but the communications Act 2003 in particular. Its main duties are to ensure the UK has a range of electronic communication services, as well as keeping people are protected from unfair treatment in programmes, and don’t have their privacy invaded.

The ASA (Advertising Standards Authority) is the UKs advertising regulator which means it makes sure ads across the UK media stick to the rules. Have been administrating the non-broadcast Advertising Code for over 50 years and the broadcast Advertising Code for over ten. In 2018 they resolved nearly 34,000 complaints relating to more then 25,000 ads, as a result of this nearly 11,000 ads were either changed or removed. They are independent of Government and there regulation comes at no cost to the taxpayer. 

https://www.asa.org.uk/about-asa-and-cap/about-regulation/about-the-asa-and-cap.html

The IPSO (Independent Press Standards Organisation) is the independent regulator for the newspaper and magazine industry in the UK. They protect individual rights, uphold high standards of journalism and help to maintain freedom of expression. They also make sure that member magazines and newspapers go along with the editor’s code as well as hold any industry accountable for their actions if something is done wrong.

https://www.ipso.co.uk/what-we-do/

The BBFC is an independent  non-governmental organisation, founded by the film industry in 1912 and responsible for the national classification and censorship  its role is to insure everything is age appropriate like  films, videos and websites. https://en.wikipedia.org/wiki/British_Board_of_Film_Classification

The CIC is a Creative Industries Council is a joint forum between the creative industries and government and is the voice for the creative industry .Council members are figureheads chosen from across the creative and digital industries including TV, computer games, fashion, music, arts, publishing and film. https://www.linkedin.com/company/creative-industries-council