Political AnalysisAs per the government in UK, classical music is considered as the formidable asset and government has shown a great interest to support the creative industry (Tait, 2014). The significance of classical music in UK during the wartime had made government to create the CEMA, which is the Council for the Encouragement of Music and the Arts. CEMA has established in year 1940 to promote classical music activities (HoloCaust , n.d.). The government supports the classical music industry of the UK till now because of its great contribution to the economy and a great employment generation through the industry. Economic AnalysisAs noted by Tait (2014), the worth of the music industry in UK in year 2012 was estimated at 3.5bn a year to the economy of UK (Tait, 2014). There is a great change of 9% in the GVA that has raised from 3.5bn a year in 2012 (Tait, 2014) to 3.8bn in year 2013 (UK Music, 2014). Out of 3.8bn, 1.7bn is made up from musicians, songwriters, composers and lyricists; 789m from live music; 618m from recorded music; 436m from music publishing; 80m from music representatives; 102m from recording staffs, studios, music producers, etc (UK Music, 2014). The report has also shown the estimated value from the export include 2.2bn in 2013 (UK Music, 2014) from 1.4bn in 2012 (Tait, 2014), which shows a tremendous increase, with over 111, 000 full time employment in year 2013 (UK Music, 2014) in comparison to 101,680 full time employment in year 2012 (Tait, 2014). The data include almost all type of classical music that entail: opera, theatre, dance, circus, variety as well as comedy (UK Music, 2014). The growth in the industry shows a great contribution of the classical music industry to the UK economy. Social AnalysisIt is necessary to analyse the classical music industry in terms of society in order to comprehend the ways in which music is actually consumed. The tastes as well as lifestyles of the consumers largely determines that what is required to be produced. Authors stated that the activities related to the consumption of music or the beliefs of audiences towards the music is not at all straightforward (Throsby, 2002). There is a common belief about the music market, that it is majorly driven by young people or young people alone. Although this belief is not correct, as there are variety of needs and likes of people and consumption of music cannot be contained within discrete boundaries. Looking inside the UK classical music consumption, the data by BPI yearbook (2014), shows a sharp decline in the sales of classical records. The classical music sales fall by 18.5% and finally stand at 2.523m units in year 2013 which is lesser than more than half a million recorded in year 2012 (BPI Yearbook, 2014). Although the report shows, an increase in the sales of classical albums from 18% in 2012 to 25% in year 2013, but it is still behind an average album market of 35% (BPI Yearbook, 2014). Also, an impressive growth for classical compilation has noted in year 2013, which was 22% more than that in year 2012 (BPI Yearbook, 2014). The data clearly depicts the rising interest of the society or people in UK towards classical music.

Works CitedBPI Yearbook (2014) The Classical Market: Digital fails to offset declining CD sales, [Online], Available: https://www.bpi.co.uk/assets/files/Classical%20Market_2014.pdf [29 April 2015].HoloCaust Classical Music Radio in wartime, [Online], Available: http://holocaustmusic.ort.org/politics-and-propaganda/classical-music-radio-in-wartime-britain/ [29 April 2015].Tait, S. (2014) Music industry worth 3.5bn to the UK economy, says report, 19 February, [Online], Available: http://www.classicalmusicmagazine.org/2014/02/music-industry-worth-3-5bn-to-the-uk-economy-says-report/ [29 April 2015].Throsby, D. (2002) THE MUSIC INDUSTRY IN THE NEW MILLENNIUM: Global and Local Perspectives, [Online], Available: http://storage.globalcitizen.net/data/topic/knowledge/uploads/20100129121642525.pdf [29 April 2015].UK Music (2014) Measuring Music, September, [Online], Available: http://www.ukmusic.org/assets/general/UK_MUSIC_Measuring_Music_September_2014.pdf [28 April 2015].