If the financial climate wasn't hard enough on festivals, it seems mother nature is sticking her oar in, forcing Beacons Festival to cancel this weekends festivities.

Full press release from Beacons Festival:

"It is with sincere regret that the organisers of Beacons Festival 2011 have had to announce its cancellation. Due to severe adverse weather, the event site is no longer considered to be safe for a public audience in the opinion of the authorities. Please do not come to the site further announcements will be made later today.Please hold on to all tickets and receipts for the time being."

Very sad news.