UKFT Publishes Comprehensive 2026 Report Highlighting £62 Billion Economic Impact Of The UK Fashion And Textile Industry
London, UK – May 2026 – The UK Fashion and Textile Association has published a new industry statistics report offering a crucial overview of key economic indicators for the sector.
Researched and written by Oxford Economics, the "UK Fashion & Textile Industry: Facts and Figures 2026" report evaluates the sector's performance across production, employment, trade, and retail, revealing a staggering £62 billion contribution to the UK economy.
The comprehensive report underscores the immense scale of the industry, which now accounts for the equivalent of £1 in every £34 of the nation's total gross value added contribution.
UKFT Leads British Textile Delegation to Milano Unica 2026
London, UK – 8 January 2026 – The UK Fashion and Textile Association (UKFT) has announced it will accompany a prestigious delegation of 27 British textile companies to Milano Unica, taking place from 20-22 January 2026 at the Rho Fieramilano in Milan, Italy.
Supported by the Worshipful Company of Clothworkers and the Department for Business and Trade (DBT), the group represents the pinnacle of British manufacturing, including leading mills, cloth merchants, and textile design studios.
The UKFT Highights That France Will End Simplified VAT Reporting By Non-EU Companies From 1 January 2026
London December 2025 : The UK Fashion and Trade Association reports that From 1 January 2026, France will abolish Regime 42 (Customs Procedure Code 4200) for non-EU companies.
While official details have yet to emerge, this change will affect UK companies using France, particularly Calais, as their customs clearance entry point into the EU
UKFT Alerts UK Fashion And Textile Businesses As US Ends $800 Duty-Free Shipping Threshold
London, UK – September 2025 – The UK Fashion & Textile Association (UKFT) has issued an urgent update to British fashion and textile companies as the United States officially ends its de minimis exemption for goods valued under $800, effective 29 August 2025.