Live music contributed £6bn to UK economy in 2023
Challenges remain despite the record figures, as trade body LIVE reiterates calls for the reintroduction of lower VAT rate on tickets
News By James Hanley | 4 September 2024
The UK live music sector contributed a record £6.1 billion (€7.2bn) to the economy for the first time last year, according to freshly published data from trade body LIVE.
LIVE’s annual UK Live Music report shows live music achieved a year-on-year uptick of 17% since 2022 and an increase of 35% on the last pre-pandemic year of 2019. Live music also supported jobs for nearly 230,000 people last year – an increase of 9.4% since 2019.
The data analysis from research agency CGA by NIQ covers more than…
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