A record-breaking year for publishers has been greeted with renewed demands for authors to receive a bigger slice of income and investment, as sales of books passed the £5.7bn mark in 2017. Book sales were up 5% on the previous year, according to annual figures released by the Publishers Association. In sharp contrast, a recent survey of authors’ earnings revealed a 42% drop over the last decade, with the median annual income now below £10,500.
Read more in The Guardian
The boss of the Publishers Association said any tariffs or other barriers to trade post-Brexit “could be a problem”. His warning came as the industry body reported record sales of £5.7bn in 2017, up 5% on the previous year. Exports rose by 8% to £3.4bn, to account for 60% of total income, consolidating the UK’s position as the biggest exporter of books in the world.