Author: us99news

A reduce in VAT and a brand new levy on area and stadium tickets are urgently wanted to cease grassroots music venues from closing, MPs have mentioned. A report by the Culture, Media and Sport Committee mentioned artists are dealing with a "cost-of-touring crisis", with venues stopping dwell music or closing totally at a price of two per week. The cross-party inquiry heard from the Music Venues Trust (MVT), which mentioned 2023 has been essentially the most difficult yr for the sector for the reason that organisation was based in 2014, whereas Creative UK mentioned the grassroots music sector took a "battering".In whole the variety of grassroots music venues (GMVs) declined from 960 to 835 final yr, a internet lower of 13%, representing a lack of as many as 30,000 reveals and...

The UK financial system is not in recession, in accordance with official figures.Gross home product (GDP) grew by a better-than-expected 0.6% between January and March, the Office for National Statistics (ONS) mentioned. Economists had predicted the determine could be 0.4%.Prime Minister Rishi Sunak mentioned it confirmed that the financial system had "turned a corner", including: "We know things are still tough for many people, but the plan is working, and we must stick to it."A recession, which is outlined as two consecutive three-month intervals the place the financial system contracts, was declared in February. It got here after the ONS mentioned that GDP, a serious measure of financial development, shrank 0.3% between October and December. It adopted a contraction of 0.1...