The Week in Light & Sound
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Hammer Blow - Theatres across the country are braced to absorb yet more costs under Labour’s first Budget in office, with large tax rises labelled another "financial hammer blow” for pinched organisations. Chancellor of the exchequer Rachel Reeves’ increase to both national insurance for employers and the national living wage has left theatre buildings saddled with potentially hundreds of thousands of pounds more in annual expenditure.
Curve chief executive Chris Stafford told The Stage: "While we actively support increasing the national living wage, this rise in cost alongside the hike in national insurance payments is another financial hammer for theatres and producers. Based on very early projections, the Budget will hit our bottom line by at least £350,000 next year. This is on top of the money we will need to allocate to implement Martyn