16 May 2011 Archive

UK music festivals boost nation's coffers by £1bn

UK music festivals like Glastonbury add £1bn to Britain's tourism income

Almost £1 billion of profit is added to the nation's coffers each year through spending at UK music festivals.

Consumer spending to remain subdued for 'next ten years'

Tough times expected on the high street as consumer spending remains subdued

Ernst & Young's Item Club is predicting that consumer spending in the UK will only increase by two per cent a year until 2020 which will lead to tough times on the UK high Street.

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