The BFC said the coronavirus pandemic could “hit the fashion industry twice as hard compared to the UK overall” and warned that an “entire generation of creative talent is threatened to disappear”.

Based on data from Oxford Economics, the BFC warned the government that 240,000 jobs could be lost in the industry with that number to exceed 350,000 if supply chains and consumer spending roles were taken into account.

The data also predicted sales being slashed from £118bn to £88bn in 2020.