NTIA Says Industry Estimated to Lose over £200 Million in Revenue due to Half Term Strike Action
31 May 2023 - Press releaseResponse to impact on Night Time Economy & Event Sector due to ASLEF & RMT strike action on the 31st May / 1st - 3rd June 2023.
Michael Kill CEO NTIA says:
“Our industry is once again being crippled by industrial action, with an estimated £200 million in lost revenue across the three days, as customers and staff once again face limited access to critical transport infrastructure.”
“With the summer festival and events season just getting underway, some festivals are suggesting strike action could have a substantial impact on the season, with some suggesting it could take them to breaking point.”
“Businesses are suffering heavily with recent figures, showing a 40% increase in operating costs and a 15% downturn in trade, alongside interest rate rises and financial support drying up from Government.”
“The difficult trading environment coupled with further strike action expected to last until the end of the summer will stretch most business owners' resilience .”
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