Uk News There won't be many pubs left to reopen in spring if Rishi Sunak doesn't offer more support United Kingdom news

PremierLeague-News.Com - Before the Prime Minister had confirmed his strategy, hospitality leaders were concerned about the Chancellor’s upcoming Budget, which will need to be generous and robust if pubs and restaurants are to survive what is hoped to be the final hurdle.

Uk News There won't be many pubs left to reopen in spring if Rishi Sunak doesn't offer more support United Kingdom news

PremierLeague-News.Com - Before the Prime Minister had confirmed his strategy, hospitality leaders were concerned about the Chancellor’s upcoming Budget, which will need to be generous and robust if pubs and restaurants are to survive what is hoped to be the final hurdle.

Uk News  There won't be many pubs left to reopen in spring if Rishi Sunak doesn't offer more support United Kingdom news
23 February 2021 - 13:45

PremierLeague-News.Com - Breaking Sport Transfer News ! Health secretary Matt Hancock on Tuesday came out and threw cold water on the Prime Minister’s hotly anticipated timeline to freedom.The acknowledgement from a senior Cabinet minister that Boris Johnson’s plan, which would see the hospitality industry open for outdoor trading on 12 April and indoor service on 17 May, is overly ambitious – it is entirely dependent on vaccine success and falling transmission rates – will worry pub and restaurant owners even more.Already Mr Johnson’s roadmap was viewed as unfair by many in the sector because, once again, hospitality venues will be the last to emerge as lockdown is gradually eased.The i newsletter latest news and analysisEmail address is invalidThank you for subscribing!Sorry, there was a problem with your subscription.Gradual easingBefore the Prime Minister had confirmed his strategy, hospitality leaders were concerned about the Chancellor’s upcoming Budget, which will need to be generous and robust if pubs and restaurants are to survive what is hoped to be the final hurdle.Simply put, the British people are justifiably in raptures over the notion that they will be drinking and eating outside their own homes for the first time this year, but they will be doing so in far fewer locations if Rishi Sunak doesn’t deliver on financial support, extending current lifelines and injecting more cash into an industry fast running out of it.Rule of six outdoors and a maximum of two houses are expected to be in place when pubs, bars and restaurants open in May (Photo: PA) Kate Nicholls, the CEO of the trade body UKHospitality, said the Chancellor has “just nine days to save thousands of businesses and hundreds of thousands of jobs that simply will not be there without a substantial package of compensation.”She added: “According to the latest Government data, nearly two-thirds of hospitality businesses will run out of cash before May, before they are allowed to re-open.“The job for the Government now is to make sure that our sector survives this further period of closure intact.”As it stands, on 31 March, loan repayments taken out by businesses are scheduled to begin, the rent moratorium on commercial lets is due to lift, the furlough scheme is set to cease, and other financial mechanisms imposed by the Treasury, such as the business rates holiday and the VAT reduction from 20 to 5 per cent, are also penciled to finish.

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. Measures neededKeiran Waite, the co-founder of the hospitality group Season & Taste, in Bristol, said to i: “It’s great sense of relief to have some dates to work towards and to be told we’ll get a weeks’ notice, but we still have many more months ahead of us, at best, when we will still be under devastating restrictions. Much more financial support is needed, including an extension to the VAT relief which those not trading have seen no benefit from.” David Moore, the owner of the Michelin starred restaurant Pied à Terre in London, said many  “restaurants will not survive in the upcoming weeks” without urgent support measures. He said: “They haven’t got the money to keep going and banks are refusing to give out loans. We have already lost many of our neighbours on the streets – there have been four closures on Charlotte Street alone – and yet I fear the hospitality casualties have not even started to peak.” Alasdair Elwick, the general manager of the Forest Side restaurant in the Lake District, said: “After today’s announcement, I do feel somewhat disheartened about the timeline being so late.  “As a hotel and restaurant, we can’t open in full until 17 May so it’s some way off yet. Extension of a VAT reduction four our industry and furlough is critical – I do hope the Chancellor addresses this next week in the budget announcement if not before – we are completely at their mercy here. “We continue to stay positive, but this has been a very long road”.

Source = PremierLeague-News.Com

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