UK live sector gives mixed reaction to 2021 budget
Calls to further extend the VAT break on tickets sales went unanswered, while no improvements to the live events insurance scheme were forthcoming
News By James Hanley | 27 October 2021
The UK’s live music industry has given a mixed response to chancellor Rishi Sunak’s budget, unveiled today (27 October) in the House of Commons.
The chancellor, who upgraded this year’s economic growth forecast from 4% to 6.5%, pledged an additional £850 million in culture sector funding, the majority of which is ring-fenced (including £2m earmarked for a new Beatles attraction on Liverpool Waterfront), alongside temporary business rates relief in England for eligible retail, hospitality, and leisure properties for 2022-23,…
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