As The UK Economy Suffers A Record Slump, Can The Return Of Movie Theaters Help Ease The Pain?

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The UK economy suffered its biggest slump on record between April-June as the effects of the pandemic triggered an official recession for the first time since the economic crisis of 2009. According…

The UK economy suffered its biggest slump on record between April-June as the effects of the pandemic triggered an official recession for the first time since the economic crisis of 2009.

The UK, heavily reliant on the service sector and consumer spending, saw household spending plummet during the lockdown, while factory and construction output also fell.

 

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Cinema is very low on the list of importance to £2.21trillion UK economy after Restaurants £39.9bn; Clothing £26bn; Horticulture £24bn; Pubs £22bn; Coffee Shops £10.1bn; Beauty £7.9bn; Gym £5.1bn; Theatre £1.6bn; Cinema £1.27bn is 5.8% of £21.9bn food and drink sector is worth

We'll never know until someone takes the risk. Constantly delaying a film isn't going to change anything. As we've seen with how PENINSULA has been performing, the public will come back when they have an offering worth watching.

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