“Increasing numbers of artists are asking to be paid in dollars and euros instead of sterling because of Brexit uncertainty, the director of the Edinburgh international festival has said.
The three-week arts festival opened on Friday and includes 293 performances by 2,600 artists from 40 countries. Speaking during its opening weekend, Fergus Linehan, who has been its director since 2015, said many performers had refused to be paid in sterling.
Linehan said organisers had taken the decision around November last year to hedge £1m – locking it into a particular exchange rate to protect against future fluctuations – to guarantee artists’ fees.”
Edinburgh festival performers refuse sterling payments due to Brexit | Culture | The Guardian
The three-week arts festival opened on Friday and includes 293 performances by 2,600 artists from 40 countries. Speaking during its opening weekend, Fergus Linehan, who has been its director since 2015, said many performers had refused to be paid in sterling.
Linehan said organisers had taken the decision around November last year to hedge £1m – locking it into a particular exchange rate to protect against future fluctuations – to guarantee artists’ fees.”
Edinburgh festival performers refuse sterling payments due to Brexit | Culture | The Guardian
