A statement from AIF CEO Paul Reed on the UK Government's newly announced mini-budget
23 September 2022 - Press release"Today's announcement from the Chancellor means very little for our £1.76bn UK festival industry. We've faced unprecedented challenges on increased costs, supply chain and low consumer confidence, with audiences facing a social emergency. This shows no sign of relenting as we look to 2023. What we need is an urgent reduction of VAT on tickets to 5%, and an assurance that festival businesses will be classed as vulnerable and eligible for support with the energy crisis beyond March 2023."
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