21st October 2020 (IQ Mag). 'Things are becoming desperate': Over 26,000 full-time and 144,000 FTE jobs will cease to exist before year's end without government help, new research shows. More than 26,000 permanent jobs will be lost in the live music industry before the end of the year if government support is withdrawn, new research published today (21 October) reveals. In addition, 144,000 full-time equivalent (FTE) roles, including self-employed and freelance workers, will have effectively ceased to exist by the end of 2020, the new report, UK live music: At a cliff edge, shows. Revenue into the industry has been almost zero since March, with a fall of 81% in 2020 compared to 2019 – four times the national UK average, where reductions across industries run at around 20%
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