MPs, UK industry make fresh call for govt-backed insurance
The parliamentary DCMS Committee and 40 industry associations are asking chancellor Rishi Sunak to save the festival summer
News By IQ | 7 January 2021
The British parliament’s Digital, Culture, Media and Sport (DCMS) Committee has written to the chancellor of the exchequer to ask for a government-backed insurance scheme for concerts and festivals, or risk “a summer without festivals”.
In the letter to Rishi Sunak, the cross-party group of members of parliament warn that festival organisers and investors are unable to risk the repeating losses they sustained in 2020 unless events can be insured against cancellation. According to the committee, the commercial…
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