Annabella Coldrick, CEO, MMF:

"Unfortunately, the Chancellor's statement has only heightened the industry's state of distress, and especially across our live sector where hundreds of thousands of jobs remain in peril. Concerts and festivals are a cornerstone of UK culture, as well as an important engine of our economy. They are viable businesses, dealing with terrible and unforeseen circumstances.

"Without targeted support, the infrastructure and livelihoods that support live events will be irreparably damaged, along with the careers of artists and musicians. The MMF's membership is reliant on live music for 80% of their income, and through our ReBuild fund we are doing what we can to support music managers in need, but to prevent a full-on industry-wide catastrophe the Government will have to step in."