NEW YEAR’S EVE is here, and London’s dazzling firework display is the centrepiece of celebrations in the UK, whether watched live or on TV from home or a pub. But how much do they cost?
Final preparations are underway for the dazzling fireworks display in central London. About 70,000 fireworks will go off during the show, which will last just over 10 minutes. Tickets are now sold out, with about 100,000 spectators paying £10 to get up close to the magic.
According to the Mayor of London Sadiq Khan’s website, a total Greater London Authority (GLA) net expenditure of £2.3m was approved for the 2018 New Year's Eve fireworks.
The statement adds that the figure is based on forecast ticket sales and concession income of £950,000.
But a Freedom of Information Act (FOI) request submitted to the GLA in 2017 asked for a breakdown of the budget figures from 2000 to 2017.
The FOI produced the figures which showed the GLA budget increased from £1.05m in 2000 to £2.1m in 2016.
The FOI answer on behalf of the GLA said: “In light of increased crowd numbers and to ensure the event continued safely, ticketing was introduced in 2014.
“Since that time income from ticket sales has helped to offset additional costs associated with ticketing and visitor management.