Over 750,000 jobs will be lost in hospitality by February 2021 without further government support, according to CGA.

In a sector-wide survey commissioned by UK Hospitality, the BBPA and the BII, more than three quarters of businesses (76%) said thy were loss making, and nearly 50% predict that current restrictions will reduce their turnover by at least half this winter.

The prediction for total business failure by the end of 2020 is now estimated to be more than one in four, and over 50% of businesses are now expected to fail before the end of Q1 in 2021.

The trade bodies have urged government to rethink the support offered to hospitality across all three tiers, calling for a sector-specific extension of the Jobs Support Scheme with no employer contribution until restrictions are lifted for all tiers, Government Disruption Grants to be made available for all venues, across all tiers, and a review of any restrictions placed on venues every 2 weeks.

“There can be no doubt of the devastating impact that the Government’s restrictions are having on hospitality and pub businesses across the UK,” said a joint spokesperson for the trade bodies.

“Without urgent sector-specific support for our industry, massive business failure is imminent and hundreds of thousands of jobs will be lost around Christmas from a sector that was in growth at the beginning of this year, as well as in the supply chain that supports them.

“While there are any restrictions placed on hospitality and pubs, there must be financial support in place across all tiers of risk.”