Live music industry 'could lose £900m' during coronavirus crisis

They also claim that the sector is set to see its contribution to the economy shrink by £900 million by the end of 2020, down from its expected total of £1.1 billion.Tom Watson, former Labour Party deputy leader and chair of UK Music – which works with the UK Live Music Group, said: ‘Parts of the sector are effectively on life support and will need a sustained package of help from the government to survive.

‘If we are to nurture the next generation of British stars like Adele, Stormzy and Ed Sheeran, we need the government to listen and act to ensure our music industry remains the envy of the world.’ Lucy Noble, chair of the National Arenas Association and artistic and commercial director of the Royal Albert Hall, added: ‘The government must not abandon the music industry which is such a vital part of our economy, culture and social fabric.

‘The support for our world-leading industry must continue until we have a chance to get back on our feet.’

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Germany suffers record slump in factory orders amid Covid-19 lockdown - business liveRolling coverage of the latest economic and financial news Maybe the headline should be reviewed to read............and? And the positive side they have the lowest death rate. You can rebuild stupid economies but you can’t bring people back from death.
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