Monday, May 29, 2023

Forbes.com: Scotland’s Latest Attempt To Kill Its Own Economy

 By SIMON CONSTABLE

Scotland’s latest bizarre economic policy is about to run headlong into common sense. The result will be a disaster for Edinburgh’s famed International Festival, which is due to kick off, as usual, this August.

The Festival sold a little more than 3 million tickets in 2019, pulling in an estimated 450,000 visitors to Scotland’s capital city.

The 2020 pandemic meant there was no festival that year. But when it resumed in 2022, ticket sales sank by almost a third to 2.2 million.

But so much for the rebound. This year is likely to see another drop because of a strange and self-defeating housing regulation that got passed by the Scottish parliament in 2022. Read more here.

marsupium photographyCC BY-SA 2.0, via Wikimedia Commons




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