They don’t call her Queen B for nothing.

Sold-out shows by Beyonce, Blur and Harry Styles have reportedly helped boost the UK economy by £8billion in 2023.

According tothe Sun, new research shows the music industry is back booming after the arts took a near plunging hit during the Covid pandemic.

After having over two years of cancelled gigs and festivals, more than 19.2million music lovers attended the likes of Glastonbury and other music events in 2023.

This was more than a 20 percent increase when compared to figures in 2022.

Sold-out shows by Beyonce, Blur and Harry Styles have reportedly helped boost the UK economy by £8billion in 2023

According to the Sun, new research shows the music industry is back booming after the arts took a near plunging hit during the Covid pandemic (pictured: Blur)

And its not just musicians benefitting from the surge as jobs in the industry are bouncing back.

Tourism helped 62,000 stay in jobs last year which was increase of nearly 20 percent when compared to 2022.

The researched conducted by UK Music finally indicates the music industry is finally back on its way thriving once again.

And it wasn’t just Bey, Blue and Harry who made a massive impact as this year’s arrival of Taylor Swift‘s concert tour to the UK was very good news for the country’s coffers as well.

The American star’s sell-out Eras Tour was set to boost the British economy by almost £1 billion, a report revealed.

Going to a Taylor Swift concert was such a big deal that her fans turned a night out into a major spending event.

On top of the ticket price itself, fans also splashed out on travel, accommodation, a pre-concert meal, official merchandise and many bought a new outfit for the big occasion too.

Researchers calculated each Swiftie who attended an Eras concert in the UK will have spent on average £848 to see their idol perform.

And it wasn’t just Bey, Blue and Harry who made a massive impact as this year’s arrival of Taylor Swift ‘s concert tour to the UK was very good news for the country’s coffers

Taylor performing on stage during the Reputation Stadium Tour at Wembley in 2018

The total was more than 12 times the average £67 cost of a UK night out and the Chancellor can expect a £997 million boost to the economy thanks to Taylor’s 15 tour dates this summer.

It was recently revealed how Taylor Swift had joined the ranks of the world’s billionaires.

Her music, live performances and real estate portfolio has been estimated by Forbes to be worth £874m.

The Swiftonomics report from Barclays shows the cost to her most devoted fans…and the boost to the economy she brings as a result.

Almost 1.2m fans watched her UK concerts, which began in Edinburgh’s Murrayfield Stadium in June.

On average those lucky enough to have attended will have spent £206 on a ticket and for the fans (14per cent of the total) who dug deeper to buy VIP or premium seats that figure exceeds £400.

The report estimated fans spent an average of £121 on accommodation and £111 on travel to go to the night out.

As 18per cent will buy a new outfit the average clothing bill for a Swiftie concert is put at £56.

Taylor performing onstage during night four of ‘Taylor Swift, The Eras Tour’ at La Defense, May 12

Going for a restaurant meal near one of the tour venues in London, Liverpool, Edinburgh and Cardiff was expected to add £59 to the night’s total cost and add on another £79 for the expensive Taylor tour merchandise.

While costs will be even higher than average for the one on five fans intending to travel to mainland Europe to see one of her shows.

And it’s also a great excuse for a party.

The report revealed 8% of fans were either planning to host or attend a Taylor Swift themed party before or after the show and 7% are buying special decorations for their house as well.

Researchers questioned 200 UK adults in April who have secured or are trying to buy Taylor Swift tickets, providing a representative sample by age, gender, region and income group.

Going to a Taylor Swift concert is such a big deal that her fans turn a night out into a major spending event. She is pictured performing in Paris on May 12

Dr Peter Brooks, Chief Behavioural Scientist at Barclays, said: ‘Whoever came up with the phrase ‘money can’t buy happiness’ clearly wasn’t a Swiftie.

‘There’s growing evidence that spending on experiences boosts happiness and well-being more so than purchasing physical items, especially if that experience is shared with friends and loved ones.

‘When it comes to cultural icons like Taylor Swift – like we saw with Elvis and Beatlemania in the 50s and 60s – supporters have such a strong connection to the artist and to the rest of the fandom that the desire to spend becomes even more powerful.

‘For non-fans, £848 may seem like an enormous amount to splash out on a concert – but for Eras Tour ticketholders, every pound they spend is an investment in the memories they’ll create.’