Events Industry: Coronavirus

Treasury written question – answered on 16th September 2020.

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Photo of Derek Twigg Derek Twigg Labour, Halton

To ask the Chancellor of the Exchequer, if he will provide fiscal support to the live events industry to help safeguard jobs in that sector.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

The Government recognises the disruption that necessary actions to combat Covid-19 are having on sectors such as the live events industry. The Government has announced unprecedented support for individuals and businesses during the pandemic. This includes Business Interruption Loans and Bounce-Back Loans and a yearlong business rates holiday for all eligible businesses in the retail, hospitality and leisure sectors. The Government has further announced a £1.57 billion support package for eligible cultural and heritage organisations including theatres and live music venues, and a temporary reduction in VAT to support businesses and jobs in the hospitality and tourism industry, for example by reducing the cost of admission to attractions and events such as concerts, theatres, fairs and exhibitions.

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