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£30m hit to London economy after Wireless Festival cancelled over Kanye West ban
(www.standard.co.uk)
this post was submitted on 09 Apr 2026
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UK Politics
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It's absolutely not a hit to the economy in any way. Money not spent at a festival doesn't evaporate into thin air. People simply spend that money on other, similar things.
Plus the festival is organised by Live Nation Concerts, an American company, with tickets sold through Ticket Master, another American company (also owned by the same parent company Live Nation Inc) so the vast majority of the money spent at the festival wouldn't end up in the UK economy in the first place.
Merch? Overpriced drinks and food? Accommodation? Transport? Visits to other attractions while in London?