More than 200 industry leaders and trade bodies representing the UK’s hospitality and pub sectors have warned the Government that, unless a “substantial package of support” is announced at the Budget, nearly two thirds of businesses may not be able to make it to the end of lockdown.
UKHospitality, the British Beer and Pub Association (BBPA) and the British Institute of Innkeeping (BII) – as well as representatives from leading businesses owning pubs, restaurants, hotels, leisure venues and more – have written to the chancellor highlighting the dire position of many businesses and the urgent need for financial support.
The letter sent to the chancellor states:
The letter calls on the chancellor to unveil an urgent package of support at the Budget to bridge the latest closure period including:
In a joint statement, the trade bodies said: “This week’s announcement of the plan for reopening the economy has sent shock waves through the nation’s hospitality businesses. There is a genuine fear amongst many in our sector that businesses are going to fail and jobs will be lost at the eleventh hour.
“One-fifth of businesses will run out of cash this month and nearly two-thirds will run out by the end of May. Meanwhile, costs continue to pile up for businesses that cannot yet open, only putting more at risk. Many businesses that provide crucial jobs and support investment in communities across the country will fail before they have a chance to reopen their doors.”
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