United Kingdom: three out of four pubs or restaurants say they are threatened with disappearance

It is a strong symbol, a real institution in the United Kingdom, which is threatened. According to the organizations British Beer and Pub Association, UK Hospitality and the British Institute of Innkeeping, 72% of the companies surveyed expect “to no longer be viable and to close in 2021”.

This survey, conducted on behalf of these organizations by the research firm CGA with 446 companies representing 20,000 establishments, also shows that companies in the sector want more support to get through the massive economic crisis triggered by the Covid-19 .

As in France, after the confinement which forced them to close their doors from the end of March to the beginning of July, they are again required in England and in several regions of Scotland to cease their activity.

A “devastating” impact

In a statement, the three organizations denounce “the devastating and long-term impact of government restrictions on” the sector. “Without a change in approach and more government support, much of the industry could be gone within a year. Which means lost businesses and jobs, not to mention beloved places, closed forever, ”the statement insisted.

In addition to the closure of restaurants and bars in England, sports venues, shops and businesses deemed non-essential are also required to keep their doors closed until at least December 2, as the Christmas season approaches, which is crucial for small business.

To help businesses get through this unprecedented economic crisis in modern history, the UK Treasury has injected £ 200 billion in aid through loans, payments to businesses and the self-employed, or short-time work compensation.

According to another study by the National Statistics Office, one in 7 businesses across all sectors in the UK may not survive the next three months due to England’s re-containment. It must be said that the economic situation in the country is worrying. UK GDP contraction could be 11.2% this year because of the pandemic, with a recovery of 4.4% in the event of a no-deal Brexit or to 7.2% if the UK manages to sign a deal at least last-minute trade with the European Union.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.