UK music venues are facing a perfect storm, with a surge in costs -- particularly for electricity and rent -- coinciding with reduced purchasing power for customers. "Everything costs about 15 percent more on average than it did before the pandemic and... sales are down some 20 percent," he explained. Some 125 independent venues closed in Britain last year, more than a third of the total. Covid was a massive hit for the night-time economy, but this is far worse," he added. While alcohol sales are falling, ticket sales are doing well.
