Nightclubs to go extinct by 2029?: What does the night-time sector think of the Chancellor’s Autumn Budget?

National World - LocalTV

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

00:00The Nighttime Industries Association has been aware that a number of areas from our industry

00:11are slowly eroding away as a result of lots of different forces and reasons and policies.

00:17And so it was important for us to undertake a big piece of research to get a full picture

00:22of what we're dealing with.

00:24What is the general sector's kind of outlook following the budget for the nighttime sector?

00:31The Chancellor's announcement on Wednesday was hugely infuriating for not just the nighttime

00:37economy but also culture and hospitality.

00:39So I think we are going to see unfortunately more businesses go to the wall.

00:45We are likely to see people still being very careful with their money.

00:50There are still a lot of challenges on day-to-day costs and so for us we didn't take anything

01:00positive from the budget other than our workforce, our labour pool, may have a little bit more

01:06money in their pocket.

01:08Michael Kill, the CEO of Nighttime Industries Association, said minimum wage hikes may seem

01:12like a win for workers but for small nightlife and hospitality businesses already stretched

01:17thin, it's at breaking point.

01:19He went on to say that the fear across the sector is real and should not be ignored.

01:24This isn't just about bricks and mortar, this is about people's livelihoods.

01:27This is about artistic excellence in our cities, it's also about community cohesion and that

01:33economic contribution to the UK's top level economy.

01:37So from our perspective there is a lot more here to lose than just venues like clubs and

01:42music venues.

01:44This really is about a significant slice of the UK's workforce, we're the fifth biggest

01:51industry in the UK and it isn't just about the spaces that we meet up and dance but it's

01:55the industry that's at stake here.

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