Contingency plans are being worked out for several sectors of the British industry as the deadline to leave the European Union looms.
announced that she was canceling a leg of her fall European tour due to the "extreme uncertainties of traveling throughout the [European Union], so soon after Brexit," it brought attention to one of the most pressing issues facing the live-music business.
"The big concern is that businesses with smaller margins are going to find it more difficult to withstand changes," saysThe live sector is most at risk: UK Music estimates that additional costs and administrative charges could reduce income by up to 40% for touring artists. The impact on financial markets is likely to be just as volatile, with the value of sterling expected to tumble in the event of a hard Brexit. "If you're a U.K. artist and you're touring the U.S. and Europe next year, getting paid in euros and dollars, great, you'll earn a lot more money," says, director of music and entertainment at finance specialists Centtrip. "International artists playing the U.K., paid in sterling, can expect a lot less.
Nevertheless, the industry is bracing for delays in physical distribution. "We do not expect new tariffs on CDs or vinyl, but we do expect administrative formalities, delays and costs, as with imports and exports to many non-EU countries," saysRetailers also fear that a no-deal Brexit could restrict availability and ramp up production costs of new vinyl titles, the majority of which are manufactured in Europe.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
As Brexit talks founder, yet another delay loomsNext week’s European summit was supposed to discuss a deal. Instead it will debate how long the latest extension should be
続きを読む »
U.K. says chances of Brexit deal slim; EU condemns 'blame game'Britain says a Brexit deal with the European Union might be impossible, with just over three weeks until its scheduled departure from the bloc.
続きを読む »
EU says Brexit deal 'very difficult' if not entirely impossibleEU’s Brexit negotiator Michel Barnier told the European Parliament that ‘we are not really in a position to be able to find agreement with the UK’
続きを読む »
UK economy on track to dodge pre-Brexit recession but outlook weakBritain's economy is set to avoid tipping into recession, despite a small fall in output in August. More here:
続きを読む »
Boris Johnson could deport thousands of EU citizens after Brexit if they miss registration deadline'Hundreds and thousands of people will be punished with the threat of removal from their home,' said campaign group the3million.
続きを読む »
UK parliament to hold special Saturday session on BrexitTalks between Britain and the EU teetered on the brink of collapse on Tuesday with tit-for-tat claims of intransigence ahead of the October deadline for Brexit. Bank of England warned despite preparations, no-deal Brexit will hit UK households hard.
続きを読む »