24:09:2020 - UK Music Acting CEO Tom Kiehl welcomed Chancellor Rishi Sunak’s emergency jobs scheme to combat the impact of Covid-19.
However, he highlighted the lack of direct support for the world-leading UK music industry, which contributes £5.2bn to the UK economy, and the need to help the 190,000 workers in the sector.
The Chancellor’s Jobs Support Scheme will replace the current furlough scheme which ends on October 31. It will see workers get three quarters of their normal salaries for six months.
The new scheme will begin on 1 November and will cost the Government an estimated £300 million a month. Mr Sunak said a similar scheme would be available for the self-employed.
Commenting, UK Music Acting CEO Tom Kiehl said:
“We welcome the extension of Government support to safeguard jobs beyond the end of the existing furlough scheme.
“It is good to see the extension of the 15% VAT cut and the breathing space given to businesses facing VAT bills through the New Payment Scheme.
“However, there appears to be little to give comfort to the many talented people in the music industry who are key to our entrepreneurial future.
“We need special arrangements and sector specific support for the music industry where 72% of the workforce are self-employed until our industry can get back on its feet.”