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National World - LocalTV
  • 11 months ago
New research by the Nighttime Industries Association has revealed that the UK could see nightclubs go extinct by 2029. Over the past four years, the UK has seen 37% of its nightclubs close; this works out at about 10 clubs closing each month.
Transcript
00:00New research by the Nighttime Industries Association has revealed that the UK could see nightclubs
00:06go extinct by 2029. Over the past four years, the UK has seen 37% of its nightclubs close.
00:13This works out at about 10 every month.
00:15The cost of living crisis and nighttime industries having to battle with rising operational costs
00:20are two factors attributed to so many nightclub closures. Earlier this year, the NTIA conducted
00:25a poll of 500 nighttime businesses and found that 7 out of 10 of them are either barely breaking even
00:31or are operating at a loss. Following the Chancellor's Autumn Budget, Lyle Bignan,
00:36NTE Ambassador for Birmingham, called the budget a quote, act of willful vandalism.
00:42He then went on to say that while the sector welcomes more support for workers,
00:46that quote, the irony of the PM enjoying hospitality at our arenas and stadiums,
00:51yet ignoring calls from the industry, has not been lost on us. But what do you think?
00:56How would you feel if your favourite nightclub closed?
00:58And what do you think could revive the nighttime economy?
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