All MCA Insight articles in November 2020 – Page 7
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NewsOperators call for EIS incentives to help rebuild sector
London hospitality operators including The Piano Works, Kerb and bar business Lolipop have called on government to adapt the Enterprise Investment Scheme (EIS) to help rebuild the sector. In a letter to chancellor Rishi Sunak seen by City AM, the businesses outlined proposals of an “equity alternative” to the Coronavirus Business Interruption Loan Scheme, which would use tax relief to incentivise investors to support industry recovery.
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NewsReal Living Wage rise
The Real Living Wage (RLW) has risen to £9.50 in the UK and to £10.85 in London, an increase of 20p and 10p per hour respectively.
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NewsMcDonald’s cooks up McPlant burger
McDonald’s is to launch its own meat-free burger the McPlant and launch its own plant-based products.
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NewsThe Inn Collection lands Whitby site
The Inn Collection Group has landed a third Yorkshire site, with prime Whitby venue The Stables at Crossbutts.
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NewsListed groups rally over vaccine news
Listed pub and restaurant groups have welcomed news of progress in a coronavirus vaccine with cautious optimism on Monday.
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NewsCity Pub Group appoints Toby Smith as COO
City Pub Group has appointed Toby Smith into the newly created role chief operating officer from today.
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Analysis & InsightRestrictions closes 25k venues
The UK now has nearly 25,000 fewer licensed premises open than before lockdown, the latest Market Recovery Monitor from CGA and AlixPartners reveals.
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Analysis & InsightHospitality Leaders Poll: 41% support lockdown
Hospitality is split over the lockdown, according to the latest Hospitality Leaders Poll carried out by Lumina Intelligence for MCA, the MA, Big H and Restaurant. Though 41% of operators support the current lockdown, 43% are opposed to it with 17% undecided. ”I get why they’ve decided to do it, but want to know what support is going to be available other than loans, and the exit strategy, is there one?” said one multi-site operator, while another said they supported the move but it was a “month late”.