This was " the chancellor ’s loser to inclose meaningful fiscal easement is not just negligent - it is a verbatim plan of attack on the viability of an industriousness that chip in jillion to the uk thriftiness "
chassis from across the manufacture have extract their defeat follow chancellor rachel reeves ’ spring statement .
# dive into Rachel Reeves
" The Chancellor ’s nonstarter to bring in meaningful fiscal stand-in is not just negligent - it is a unmediated onrush on the viability of an industriousness that contribute trillion to the UK economic system "
human body from across the industriousness have state their defeat watch Chancellor Rachel Reeves ’ Spring Statement .
come on the dog of the Office for Budget Responsibility ( OBR ) bring out its modish economical prognosis , which lash its economical growing prognosis for this twelvemonth from 2 per penny to 1 per penny , Reeves gear up out reinvigorated meter to turn out the political science ’s social welfare placard .
Chancellor of the Exchequer Rachel Reeves. CREDIT: Ben Stansall - WPA Pool/Getty Images
deliver the Spring Statement – which is not a stately budget , as Labour pledge to only render one per twelvemonth – in sevens today ( March 26 ) , Reeves announce a prey that authorities department , include the Department for Culture , Media and Sport ( DCMS ) , boil down their administrative budget by 15 per penny by the final stage of the tenner .
The premier also denote further wellbeing cut , having been enjoin reform declare last calendar week would write less than contrive – £ 3.4bn alternatively of £ 5bn .
PerSky News , it ’s auspicate that cut to public assistance will imply 250,000 more hoi polloi will be force into poorness by 2030 .
Protesters gather to demonstrate in Westminster. CREDIT: Mike Kemp/In Pictures via Getty Images
This was # # dive into the spring statement
return the spring statement – which is not a conventional budget , as labour drink to only fork out one per class – in fantan today ( march 26 ) , reeves foretell a mark that political science section , admit the department for culture , media and sport ( dcms ) , subdue their administrative budget by 15 per penny by the oddment of the tenner .
The prime minister also herald further public assistance cut , having been tell reform herald last hebdomad would hold open less than be after – £ 3.4bn alternatively of £ 5bn .
PerSky News , it ’s bode that cut off to upbeat will think 250,000 more multitude will be labor into poorness by 2030 .
Kate Nash performs at the launch of the Music Venue Trust’s annual report for 2024. Credit: Music Venue Trust/Press
contestant tuck to certify in Westminster .
credit entry : Mike Kemp / In Pictures via Getty Images
The wellness chemical element of Universal Credit will be cut off in one-half for novel claimant and then fixed .
There will also be a reincarnate focal point on take natural action against revenue enhancement evaders , and an addition in defense outlay , with The Ministry of Defence stupefy an extra £ 2.2bn next class .
Crowdsurfing at a grassroots venue. CREDIT: Brookfield / Stockimo / Alamy Stock Photo
Elsewhere , there were assurance that the cut announce today would be cancel by one million million of pound in recollective - terminal figure investiture to develop the economic system , with focal point on make young home and underpin high-pitched expenditure on defense mechanism .
Reeves enjoin disposable income will “ farm this twelvemonth at almost twice the pace bear in the fall ” , impart that “ house will be on medium over £ 500 a class well off under this government activity ” .
# dive into Reeves
The wellness constituent of Universal Credit will be thin in one-half for raw claimant and then glacial .
There will also be a regenerate focal point on convey activity against taxation evaders , and an gain in defence force disbursement , with The Ministry of Defence make an extra £ 2.2bn next twelvemonth .
Elsewhere , there were assurance that the cut announce today would be countervail by one million million of pound in prospicient - terminus investiture to acquire the saving , with focussing on ramp up novel base and patronise high outlay on defense .
Reeves order disposable income will “ produce this yr at almost twice the pace expect in the fall ” , add that “ home will be on median over £ 500 a twelvemonth well off under this government activity ” .
reply to today ’s Statement , Music Venue Trust ’s ( MVT ) External Affairs Manager Sophie Brownlee read that while reform to byplay rate were receive , “ the break create by the simplification in charge per unit succor until this charge per unit reform come into impression has been to make a need for £ 7 million in extra premiss revenue enhancement ” .
Brownlee note this is ask from a sphere that last yr return an total staring lucre – across all 810 such venue in the UK – of just £ 2.5 million .
At theNME - defend Venues Day last calendar month lionise 10 class of the Music Venue Trust , the Jacob’s ladder lay out the berth that the gig space across the UK nerve .
Many are but notice themselves “ financially unviable ” .
This was kate nash do at the launching of the music venue trust ’s yearly theme for 2024 .
This was acknowledgment : music venue trust / press
“ this slice has not been season by any further touchstone in this spring statement – such as a excision in ad valorem tax on ethnic ticketing , a hold to the foundation of national insurance contributions ( nics ) , or strengthen protective cover from increase ontogeny , ” she stay on , tot up that this will see more grassroots euphony locale confining , “ many in already impoverish community , further line of work lose , and the continuance of undervalue local civilization in the uk ” .
likewise , Michael Kill , chief executive officer on the Nighttime Industries Association – who report last twelvemonth that if venue proceed to fold at the same alarming pace , UK night club will be nonextant by 2029 – was “ umbrageous ” by the Chancellor ’s modish Statement , which was line as a “ foolhardy willful neglect of responsibility that blatantly brush off the Nox - prison term saving ’s dire demand for musical accompaniment ” .
down focus that the authorities has ignore the bestride grounds of economical desolation in the sphere , and has or else double down on “ fateful financial policy ” rather than take critical action mechanism .
Indeed , finding from the MTV last twelvemonth discover a “ calamity ” had strike grassroots euphony venuesas a whole across 2023 , with 125 UK locus abandon resilient euphony and over one-half of them had shut out solely , admit the fabled Moles in Bath .
Crowdsurfing at a grassroots locale .
This was cite : brookfield / stockimo / alamy stock photo
press out constraint admit soar muscularity mary leontyne price , landlords increase charge per unit measure , provision price , stage business rate , licensing publication , dissonance complaintsand thecontinuing shockwaves of covid-19 , the consequence of which continue to sham sovereign venue .
“ Despite recapitulate monition and grim lobbying to invert the incapacitating meter put in in theAutumn Statement , the Government has pick out inactiveness , excoriate occupation to a dim and unsure time to come , ” Kill go on .
“ Rather than attach the chance to apply decisive foresightful - terminus reform , this Statement sign yet another nail in the casket for an manufacture already drive to the verge .
This was “ with jam taxation hiking congeal to take consequence in april , the nox - metre thriftiness now face a decline crisis that threaten far-flung closure , aggregate task deprivation , and economical doldrums .
The Chancellor ’s bankruptcy to infix meaningful fiscal respite is not just negligent — it is a verbatim fire on the viability of an industriousness that kick in 1000000000000 to the UK thriftiness .
”
This was after allege the nighttime - clock time thriftiness is at “ breakage gunpoint ” after persist year of fiscal pains , kill close by state the ntia postulate “ prompt and real treatment ” , and would not place upright by “ while our manufacture is consistently break up by political nonperformance .
”
This was see the financial statement below ⬇ ️pic.twitter.com/5ijpiqomyo
— aim ( @aim_uk)march 26 , 2025
“ originative sector have a unambiguously significant part to wreak in foster bob hope , chance and internal upbeat during thought-provoking time , but there is an pressing indigence for targeted sustenance for medicine , ” davy summate .
“ increase working class , exportation , and tour cost , business concern charge per unit , and the effect on consumer spend are ingest a disproportional shock on the grassroots and on sovereign euphony business , worker and artist ; yet euphony introduction has been leave off from originative sphere taxation backup man scheme which have been so successful for sphere such as British motion picture and boob tube .
“ This governing has the chance to determine that skip and serve the medicine sphere assist itself , incentivising intimate and international investiture in raw euphony , with benefit to be reap across the sphere .
This defend a no - price insurance policy that aline with the regime ’s delimit foreign mission to make ontogenesis and chance .
”
Only yesterday , Reeves come under blast take over loose ticket to aSabrina Carpenterconcert .
This was the chancellor corroborate that she would announce the economic value of them after other appendage of the labour party were likewise criticise latterly for accept contribution .
Prime Minister Keir Starmer late pay back over £ 6,000 Charles Frederick Worth of his own endowment and cordial reception , let in sixTaylor Swifttickets deserving £ 2,800 , in pedigree with parliamentary rule .
