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# The Economic Cost of Homophobia
- URL: https://www.scenemag.co.uk/the-economic-cost-of-homophobia/
- Published: 2018-06-20T09:26:51.000Z
- Updated: 2018-06-20T09:26:51.000Z
- Description: Peter Tatchell Foundation launches major new report. Mr Tatchell, just back from Russia where he was arrested for engaging in a one man protest in Moscow during the FIFA World Cup, has launched a new report, with the backing of the Lord Speaker, Lord Fowler.
- Author: Besi

## Peter Tatchell Foundation launches major new report.

![](https://www.scenemag.co.uk/content/images/wp-content/uploads/2018/06/web-600-400-33.jpg)

**MR Tatchell**, just back from Russia where he was arrested for engaging in a one man protest in Moscow during the FIFA World Cup, has launched a new report, with the backing of the Lord Speaker, **Lord Fowler**.The report reveals that countries that criminalise homosexuality suffer significant economic disadvantages; lost tourism revenue lost inward foreign aid and investment and lost talent and skills as LGBT+ people flee abroad.The human rights abuses meted out by homophobic nations on their LGBT+ citizens is often solely seen as a violation of human rights, but this report by the Peter Tatchell Foundation reveals that anti-LGBT+ legislation is bad for the economy and the 71 countries that still criminalise homosexuality are losing out on the economic advantages that more gay-friendly nations enjoy.The report, [The Economic Cost of Homophobia](https://www.scenemag.co.uk/content/files/tn.pdf), doesn’t gloss over the human rights abuses endured by hundreds of millions of LGBT+ people worldwide but conclusively shows that discriminating nations have an economic reason, apart from human decency, to repeal unjust, outdated and unnecessary laws.**Foundation Director, Peter Tatchell said:** *“The loss of inward foreign aid and investment to countries with anti-LGBT+ laws is considerable. LGBT+ people and allies are less likely to holiday in homophobic countries, potentially depriving these countries of billions in tourism revenue. “There is a brain drain caused by LGBT+ people fleeing from homophobic nations to resettle in more gay-friendly ones. This damages the social and economic vitality of their home countries.“Outlawing homosexuality is encouraging the emigration of highly educated LGBT+ individuals and impacting negatively on tax receipts and innovation through deterring inward aid and investment.“We also show that the multiple forms of harassment and intolerance suffered by LGBT+ citizens within discriminatory countries. This leads to lost productivity in the workplace and damages mental and physical health – which ultimately burdens the state.*The report argues that anti-LGBT+ laws present not only social and economic drawbacks for individual LGBT+ people, but their very existence impedes the wider economic development and long-term prosperity of a nation.**To read the report, click [here:](https://www.scenemag.co.uk/content/files/tn.pdf)**