Overview

• Cross-party MPs advocate for a levy on arena and stadium tickets to support small music venues facing economic hardships.
• A temporary VAT reduction is suggested to stimulate live music activities and help venues manage rising operational costs.
• The proposed measures aim to safeguard the UK's live music ecosystem, ensuring the survival of venues where many top artists began their careers.
• If voluntary contributions are insufficient by September, MPs recommend government intervention with a statutory levy.
• Industry leaders support the proposals, emphasizing the urgency of addressing the crisis to preserve cultural access and creativity.