UK Live Music Industry Alarmed by Business Rates Hike
Update: 2025-12-10
Description
UK live music industry faces significant business rate increases in 2026, potentially doubling property taxes for major venues and threatening smaller, grassroots venues. Industry leaders warn of higher ticket prices for fans. Music Venue Trust and other organizations urge government to review these rates, predicting a chilling effect with hundreds of grassroots venues potentially closing and increased arena costs leading to higher ticket prices. They call for immediate forty percent business rates relief and a fundamental reform of the valuation system for event spaces.
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