Theatres and music venues 'will lose billions if restrictions stay', report ...

Theatres and music venues 'will lose billions if restrictions stay', report ...
Theatres and music venues 'will lose billions if restrictions stay', report ...
Theatres and music venues 'will lose billions if restrictions stay': Live entertainment industry faces devastation if Covid curbs last beyond July 19, report says Team behind the Government's pilot events say in a new report that continuing restrictions will cause devastating losses for theatres and music venues If 'high intervention' measures - like face masks and attendance caps -are kept in place, the events industry would raise just 69 per cent of its 2019 turnover Indoor seated venues would raise just 59 per cent, costing them billions

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Theatres and music venues will face devastating losses if restrictions continue beyond July 19, ministers have been told.

Even minor restrictions will see a big fall in income, according to an economic impact assessment produced by the team behind the Government's pilot events.

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It concluded that if 'high intervention' measures such as mandatory face masks, attendance caps and a ban on food or drink are kept in place, the events industry overall would raise just 69 per cent of its 2019 turnover. 

For indoor seated venues such as theatres, cinemas and business events, the figure is just 59 per cent – costing them around £4.88 billion over the next year. 

With even 'low intervention' measures in place – just face masks – the events industry would still run at only 82 per cent of its 2019 turnover.

Former Tory leader Iain Duncan Smith said: 'These figures are devastating – they show we have to unlock.' 

Theatres and music venues will face devastating losses if restrictions continue beyond July 19, ministers have been told. Even minor restrictions will see a big fall in income, according to an economic impact assessment produced by the team behind the Government's pilot events [File photo]

Theatres and music venues will face devastating losses if restrictions continue beyond July 19, ministers have been told. Even minor restrictions will see a big fall in income, according to an economic

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