By M&C Report team2004-04-29T09:46:00+01:00
One in ten hospitality businesses will not survive without additional support through the recovery period, CGA’s Business Leaders’ Survey 2021 has found.
Hawthorn CEO Mark Davies is the latest pubco boss to call on the Prime Minister to offer strong support for the sector in his upcoming reopening announcement.
UKHospitality is urging the Government to provide businesses with certainty and clarity in its reopening announcement next week as it presents its own roadmap for the hospitality sector to emerge from lockdown and restrictions.
The delayed reopening of hospitality will cost the sector £9bn, MPs have warned the Chancellor ahead of the Budget tomorrow.
The Treasury’s reference that it will do “whatever it takes to get business back making money again” offers a helpful hint that its support will last beyond the current restrictions, Kate Nicholls has said.
Soaring debt due to the issue of growing commercial rent arrears remains a major barrier to the recovery of hospitality, a Government report has warned.
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