logo
Sam Fender gigs gave Newcastle £16.5m boost, figures claim

Sam Fender gigs gave Newcastle £16.5m boost, figures claim

BBC News25-06-2025
Sam Fender's trio of homecoming concerts at St James' Park boosted the local economy by £16.5m, business groups have claimed.About 150,000 fans flocked to see the North Shields singer-songwriter play three sold-out gigs at the home of Newcastle United in June.The shows brought in extra revenue for bars, restaurants and hotels according to figures released by investment agency NewcastleGateshead Initiative (NGI).Ian Thomas, NGI's chief operating officer, said while it was "fantastic" to see every corner of the city "bustling", businesses were still facing challenges.
He said the organisation would look to "attract more large-scale events" to the city and "ensure the impact of these events is felt long after the final encore", according to the Local Democracy Reporting Service.There have been a number of bar and restaurant closures in Newcastle over recent months, including venues such as Leila Lily's, Prohibition, the Earl of Pitt Street and Horticulture, with businesses blaming high energy costs, rent rises, and increased National Insurance contributions.
Abdul Samad, Newcastle City Council's cabinet member for culture, said the Sam Fender gigs were a "very welcome boost to our hospitality trade" during challenging times.The gigs between 12 June and 15 June marked the Seventeen Going Under singer's return to St James' Park following two huge shows in summer 2023, and were part of his People Watching tour.The £16.5m boost is based on NGI data gathered from visitor and supply chain spend, generated via visitor surveys, hotel occupancy data, average room rates and spending in retail, restaurants and pubs.Stephen Patterson, CEO business development firm NE1 Ltd, said: "Sam is a local hero with a worldwide fan base, and the concerts turned the spotlight on the city and created boom time for Newcastle."
Follow BBC North East on X, Facebook, Nextdoor and Instagram.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Which tax rises could Rachel Reeves introduce to pay for the £5bn welfare U-turn?
Which tax rises could Rachel Reeves introduce to pay for the £5bn welfare U-turn?

The Independent

timean hour ago

  • The Independent

Which tax rises could Rachel Reeves introduce to pay for the £5bn welfare U-turn?

This week's embarrassing climbdown on welfare saw the government's benefits reforms gutted almost entirely, while savings from the bill were slashed from £5bn to nothing. In the wake of the U-turn, there are now growing questions over how the government will raise the money to fill the black hole in the public finances. Ministers have already squeezed significant savings out of their departments in cuts that were unveiled at last month's spending review, meaning there is now a mounting expectation that the chancellor will be forced to raise taxes instead. But Labour's manifesto pledge not to raise taxes on 'working people' leaves the chancellor with a limited number of workable options. A few possibilities were floated by deputy prime minister Angela Rayner in a leaked memo to Rachel Reeves ahead of the spring statement, which saw her urge the chancellor to raise taxes - suggestions which were ignored. But perhaps this week's welfare climbdown will leave the chancellor with no option but to look again at Rayner's suggestions. Here, The Independent takes a look at a number of tax rises that the government could rely on to raise funds and balance the books. Tax threshold freezes The Treasury's most likely move would be to extend the freeze on income tax thresholds. This means that as wages rise with inflation, over the years workers are dragged into higher tax bands and end up paying more. A freeze on the threshold at which the higher 45 per cent tax rate is paid was one of the options suggested by Ms Rayner in her leaked memo. But there is growing speculation the government could extend the freeze across all tax brackets. It's a stealth tax, the impacts of which are not felt immediately, meaning it is normally better received among the general public compared with a direct hit to businesses or pay slips. But, if the freeze were extended to the end of the parliament, it could also bring in billions for the Treasury as earnings rise. The freeze, which is already planned to last until 2028, is expected to drag around two million workers into higher tax bands. Wealth tax There have been calls from Labour MPs on the left of the party to introduce a wealth tax, calls which have only grown in the wake of Tuesday's welfare climbdown. Rachael Maskell, the architect of the rebellion which forced the government into shelving key pillars of the bill, demanded the government increase taxes on the very richest to pay for the £5bn climbdown. Polling conducted by YouGov on behalf of Oxfam on the eve of the spring statement found more than three-quarters of people (77 per cent) would rather the government increase taxes on the very richest to improve public finances than see cuts to public spending. However, such a tax - which could look like a 2 per cent tax on net assets worth more than £10m - is thought to be very hard to implement, and could also lead to some of Britain's highest earners leaving the country. Pensions Ms Rayner also called for the lifetime pensions allowance to be reinstated. The allowance, which puts a cap on how much savers can put into their pension pot before a higher rate of tax is applied, was axed by the Tories. Labour had initially planned to reinstate the cap, but the plans were abandoned ahead of the election. However, amid the controversy over cutting winter fuel payments – and then later reversing the decision – the government may be hesitant to introduce any other policies which would upset pensioners. Corporation tax The chancellor could also look at increasing corporation tax for banks – one of the suggestions included in the deputy prime minister's memo. Politically, its fairly easy to tax banks as there is limited direct impact on voters. But it's important to note that banks in the UK are already highly taxed. They pay normal corporation tax of 25 per cent, plus a bank surcharge of 3 per cent. On top of this, they pay a bank levy of 0.1 per cent of their balance sheets. Dividends The deputy prime minister also proposed raising tax rates on dividends - a portion of a company's earnings received by a shareholder - for higher earners. Currently, tax is not paid on dividend income that falls within your income tax Personal Allowance. There is also a £500 dividend allowance each year, meaning individuals only pay tax on any dividend income above this. Removing it altogether would be worth £325 million a year, HMRC data indicates. However, there are concerns that raising dividend tax rates could discourage people from investing in companies – which is likely to have a net negative impact on the economy. Ms Rayner also suggested ending inheritance tax relief on shares listed on the smaller Aim stock market. The Aim stock market is a sub-market of the London Stock Exchange. From April 2026, qualifying Aim shares held at the time of death will be eligible for 50 per cent relief from inheritance tax - but Ms Rayner has suggested ending this entirely. While these changes might make businesses uncomfortable, they're actually unlikely to raise much money for the Treasury – meaning it's a less likely option for the chancellor.

Bank of England lends record 74 billion pounds in weekly repo
Bank of England lends record 74 billion pounds in weekly repo

Reuters

timean hour ago

  • Reuters

Bank of England lends record 74 billion pounds in weekly repo

July 3 (Reuters) - The Bank of England allotted a record 74.225 billion pounds ($101.32 billion) in seven-day funds in its weekly short-term repo operation on Thursday, higher than a previous record of 72.782 billion pounds set last week. The central bank uses its short-term repo operations as a way to provide banks with reserves as it sells down its stockpile of government bonds bought under its quantitative easing programme. ($1 = 0.7325 pounds)

The best dressed at Wimbledon and the trends they served
The best dressed at Wimbledon and the trends they served

The Independent

timean hour ago

  • The Independent

The best dressed at Wimbledon and the trends they served

Once again, at this year's Wimbledon tournament, the only thing distracting from the tennis is the court-side style. 'Wimbledon has turned the stands into a catwalk, and I am here for it,' says model and presenter Leomie Anderson, who is covering Wimbledon as Clearpay's fashion expert this season. If recent years saw guests erring on the side of safe – quiet luxury defined by demure dresses, boxy blazers and the occasional fascinator – 2025 has shifted gear. 'There's a real shift happening,' Anderson explains, 'people used to play it safe with blazers, midi dresses, the usual suspects. But this year, the crowd is serving. It's like everyone got the memo that Wimbledon is just as much a style moment as it is a sport.' And the stats back her up. Broderie anglaise is booming – with maxi dresses up 147%, skirts up 33% – hats are having a high-fashion renaissance with floppy styles up 99%, and butter-yellow is surging according to Clearpay. The best celebrity looks managed to balance their personality with a playful nod to the tournament's stereotypes – from Wimbledon whites to strawberries and cream. 'There's something powerful about its simplicity, the traditions – the setting, the subtlety,' says Anderson. 'People know they have to bring their A-game.' Here are some of the best-dressed celebrities at the tournament so far and how they aced Wimbledon style. Olivia Rodrigo A masterstroke in edging up tradition, singer Olivia Rodrigo, 22, wore a red gingham shirt dress by Ralph Lauren from the spring/summer 2000 archive – a playful nod to Wimbledon's iconic strawberries and cream. Her boyfriend, Louis Partridge, 22, coordinated in a red striped tie and navy blazer. Following her headlining performance at Glastonbury Festival on Sunday, Rodrigo managed to nail the elusive balance of British heritage and Gen Z irreverence. Anna and Michael Murray Also sticking to Wimble classics was retail tycoon and CEO of Frasers Group, Michael Murray, who went traditional in a linen white suit, a cream Panama and brown suede loafers. His wife Anna wore the print of the season in a tulle black and white polka dot midi dress, with black suede pumps and black leather Birkin. Cate Blanchett Actress Cate Blanchett, 56, stood out on Centre Court in a pearlescent Prince of Wales check suit by Giorgio Armani. Sharply tailored but soft in palette, it was a classic Blanchett power move, turning heads without the noise. 'Cate's baby blue tartan suit was effortless and elegant,' Anderson puts it, 'that classic tailoring is signature Cate cool.' Leslie Mann Wimbledon whites are a fail-safe style to sport year after year. While they run the risk of becoming repetitive and – dare I say – boring; when styled right with interesting cuts, whites can be as elegant as ever. Actress Leslie Mann, 53, appeared on day three in an ivory Dior bar jacket and delicate lace skirt. The look was reminiscent of the Princess of Wales recent Self Portrait ensemble at the Order of the Garter in June. David Beckham One thing more certain than spotting a cream Panama hat in the Wimbledon stands is spotting David Beckham. The 50-year-old former footballer once again brought off-court elegance in a cream silk-linen suit from his own Boss collaboration, finished with a chocolate brown tie. The only fashion blunder was plaster cast on his right arm – though even that couldn't detract from his summer suiting credentials. Dominic Cooper Unlike Beckham, 47 year-old actor Dominic Cooper opted out of the classic Wimbledon look and sported a bright powder blue suit with matching trainers. 'I'm seeing bold colour choices […] and people leaning into what makes their style unique,' says Anderson of the look. Cooper reminded us that co-ordination doesn't have to mean stiff – and tonal can be a statement when done right. Tom Daley Dusky teal was Olympic diver Tom Daley's shade of choice – cool and contemporary and a refreshing break from Wimbledon white. Daley, 31, paired the Paul Smith suit with a Christian Louboutin clutch and a Chopard watch. Judy Murray Mother to former Wimbledon champion Sir Andy Murray, Judy Murray chose a sunshine-yellow Me+Em dress with white platform trainers. The cheerful dress was bang on trend, with butter yellow emerging as the summer's sleeper hit. Murray, 65, wasn't the only celebrity to sport the shade, '[actor] Omari Douglas's all-yellow outfit too […] is exactly the kind of energy the tournament needs,' says Anderson. Sarah Lancashire and Peter Salmon Happy Valley star Sarah Lancashire joined Mann in Wimbledon whites, wearing an embroidered cream dress and linen blazer. Joined by television producer Peter Salmon in a deep blue suit, the pair delivered a Wimbledon-appropriate palette that played within the lines without looking predictable. Rebel Wilson One of Anderson's favourite looks of the tournament: Rebel Wilson's pink broderie anglaise Temperley London dress. 'Broderie is having a major moment […] Rebel Wilson in that pink broderie anglaise dress on Day 1 was perfection,' says Anderson. The actress finished the look with a neutral pair of Gianvito Rossi sandals. Alexander Armstrong Pointless star Alexander Armstrong, 55, made a strong case for colour in a royal blue linen suit in the Royal Box. An understated yet eye-catching alternative to classic navy, Armstrong's look was just the right kind of bold for a Wimbledon box seat. Eddie Redmayne and Hannah Bagshawe Actor Eddie Redmayne, 43, kept things clean in a classic cream linen suit, while his wife Hannah, 42, dialled up the impact in a red polka-dot Alessandra Rich shirt dress.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store