Issue 89
Chancellor’s Support Package “Too Late and Not Enough” www.CLHNews.co.uk
While some sectors of the hospitality industry have welcomed the Chancellor’s £1bn support package, others have dismissed it as “borders on insulting” amounting to “far too little”. Chancellor Rishi Sunak announced earlier this week an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a cash grant of £6,000 to help them survive the winter. (See page 6 for full details.)
CLHNews
CLHNews
At what is often the most profitable time of year, many pubs and restaurants have seen cancellations and reduced footfall as people have responded to the rise in cases ahead of Christmas, with Hospitality UK reporting that many businesses have lost 40-60% of their December trade, often their most profitable month. Around 200,000 businesses will be eligible for business grants which will be administered by local authorities and will be available in the coming weeks.
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