A survey commissioned by industry bodies UKHospitality, the British Institute of Innkeeping and the British Beer & Pub Association has warned that 750,000 jobs could be lost without further financial support.
UKHospitality warned that this figure could rise due to the fact the study was mostly carried out before the three-tier system was properly introduced. UKHospitality warned that this figure could rise due to the fact the study was mostly carried out before the three-tier system was properly introduced. CGA’s data predicts that by February 2021, over 750,000 jobs will be lost without further government support. However, according to the study, one in four hospitality businesses in the UK are now expected to go under by the end of the year, increasing to 50% by the end of Q1 in 2021, the study said.
Over half of those surveyed predicted that Covid restrictions would reduce their turnover by at least 50% this winter. The trade bodies that commissioned the report are calling on the government to provide more support to hospitality businesses across all three tiers of the newly-announced system. In particular, they feel businesses operating in Tier 1 and Tier 2 (medium and high) “are in no man’s land”, and face pressure to continue trading with lower customer levels. This, they state, forces them “to make large sections of their staff redundant and to close their doors, potentially forever.”