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Worth a staggering £441 billion, the consumer goods industry is the biggest industry in the UK – but despite the size of the sector, it still has a significant way to go in terms of ethnic representation and diversity.
Of the 70 million people who live in the UK, 16% – or 11 million people – come from a multi-ethnic background. According to The Black Pound Report, this equates to an annual disposable income of around £4.5 billion, meaning the untapped economic power of this multi-ethnic consumer group cannot be ignored.
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