Cost of Homophobia

The Economic Cost of Homophobia

Peter Tatchell, just back from Russia, has launched a new report, with the backing of the Lord Speaker, Lord Fowler, which shows 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.

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