The BPI has today responded to Chancellor Rishi Sunak's Budget.
Commenting on the fiscal plans, Geoff Taylor, Chief Executive BPI & BRIT Awards, said: “Today’s Budget contained a number of positive announcements for the music industry. In addition to confirmation of the business rates discount for music venues, the £90 million per year funding for an Arts Premium from September 2021 is welcome. We will engage with the Government as to how it can be spent effectively so as to enhance opportunities for young people to participate in music. The Government’s decision to accept all of the Furman Review recommendations for unlocking competition in digital markets could also ensure that platforms are held more accountable, which we welcome.”.
Full details on the budget can be seen here.