'Almost 10,000' licensed premises call time permanently during pandemic to date

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 67%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

A market recovery tracker suggests the sector faces more closures and threats to employment ahead as labour shortages and rising costs take their toll on business owners.

Industry body UKHospitality, which had pleaded for the wage aid to be extended, estimates 660,000 jobs have been lost in the sector during the pandemic.

It is campaigning for renewed support including for the rate of VAT - cut from 20% by the chancellor temporarily last year to help operators fight back - to be maintained at its interim level of 12.5%.VAT rise 'risk too soon' for fragile hospitality sector Graeme Smith, AlixPartners' managing director, said of its report:"These figures are a stark reminder, if needed, that the full lifting of restrictions in July did not signal an end to the challenges faced by hospitality businesses.

"The impact on nightclubs, which were unable to trade at all during the pandemic, has been particularly acute with almost one in 10 sites closing in the past two months. "Demand remains strong but with staff shortages, utility cost inflation and supply-chain disruption, there are renewed efforts to secure continued government support to the industry to help it weather this storm as the reopening and rehabilitation process continues through what may be a challenging winter."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 Of The Best Airbnbs In Norfolk For A Cosy Autumn EscapeFrom a converted train carriage to a luxurious beach house
Source: ELLEUK - 🏆 45. / 63 Read more »

Mum catches mice on camera in kitchen after battling infestation for 10 monthsNazya, from Birmingham, has reported the rodent infestation to the council, but is still continuing to experience the issue, stating that it is driving her 'mad'
Source: The Mirror - 🏆 136. / 51 Read more »

No 10 defends Boris Johnson’s holiday in Spain amid energy crisisSpokesperson says it is right for PM to take a break but refuses to confirm how holiday is being funded Tbf, if the PM postponed a holiday every time there was a crisis he’d never get away Would anyone notice if he was 'working' instead? At least this way we get a week off from hearing his nonsensical babbling Boris must know it will get worse. Getting away before things get really bad.
Source: The Guardian - 🏆 84. / 53 Read more »

Politics latest news: No 10 insists talks are ongoing over energy bailout, despite Treasury spat with Kwasi KwartengNumber 10 has backed Kwasi Kwarteng in his row with the Treasury, after sources claimed the Business Secretary had exaggerated plans for emergency support for energy-dependent industries.
Source: The Telegraph - 🏆 41. / 63 Read more »

Who needs apples when you can have sausages? 10 unusual but delicious crumble recipesFrom Dan Lepard’s strawberry and mascarpone to Claire Thomson’s leek and cheddar, these mouthwatering dishes redefine the humble dessert. But in a good way …
Source: Lifestyle - 🏆 131. / 51 Read more »

Enfield Town station crash: Two injured as London Overground train careers through buffers and almost hits buildingPictures from the scene in north London showed the train derailing, but remaining upright, before nearly hitting a station building during rush hour on Tuesday. Hugh_Gibson1584
Source: SkyNews - 🏆 35. / 67 Read more »