Mini-budget ‘delivers little’ for UK live sector

UK trade bodies have expressed disappointment over the measures announced today by chancellor Kwasi Kwarteng

News By James Hanley | 23 September 2022

Kwasi Kwarteng © Chris McAndrew

UK live music trade bodies have expressed disappointment over chancellor Kwasi Kwarteng’s mini-budget.

Measures outlined by Kwarteng in the House of Commons today in a bid to boost growth included a 1p cut to the basic rate of income tax from April 2023, along with the abolition of the 45p tax rate for top earners over £150,000, while a planned rise on corporation tax from 19% to 25% has been scrapped and a 1.25% rise in National Insurance to be reversed.

But LIVE CEO…

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