Toughest time for pubs and restaurants under fresh virus wave

Friday, November 27, 2020

The billion dollar industry is experiencing huge loss threats owing to the new wave in coronavirus threat. Industry chiefs are apprehensive about the situation. Boris Johnson also mentioned that future is grim and warned all pubs and restaurant owners as he had to implement second lock down which is likely to end on December 2.

It seems that some four to five pubs may not reopen owing to financial loss under new conditions of health threat. UK Hospitality chief executive Kate Nicholls mentioned that the new tier system would further affect the hospitality sector and warned of a million job losses. She continued that England would experience £7.8 billion trading completely wiped out compared to last year if the restrictions continues to last all of December.

She also stated the new tiers will see over 120,000 venues across England placed into Tier 2, where pubs can stay open if they serve extensive meals. However, most will be forced to close owing to the new regulations or other challenges physical or financial. The situation has also affected the employment of the state that includes about 1.5 million has suffered, and irrepressible trade loss.

Emma McClarkin, chief executive of the BBPA, requested the Government to help the hospitality sector with immediate financial support. Her warning soon turned reality as pub operators Mitchells & Butlers and Fuller, Smith & Turner – which owns All Bar One, Harvester and Browns – said they have cut around 1,650 jobs and suffered millions in losses.

Smaller rival Fuller’s said its total number of employees had been reduced by 20 per cent following about 350 job cuts.

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