The British luxury industries is estimated to reach £51.1 billion by 2019 from the £32.2 billion in 2013 – a growth of 60% in two years - according to consultancy Frontier Economics.

The report, commissioned by luxury industry association Walpole, says 158,000 people will be employed in the sector in five years. The growth will mainly be driven by sales of British cars.

The luxury apparel and footwear sector was worth £4.1 billion in 2013, accessories were worth £1.4 billion, while car manufacturing was worth £18.3 billion.

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