‘Long term sector specific restrictions will need to be matched by long term sector specific Government support’ stated Steven Alton, CEO of the BII, in response to the confirmation of additional restrictions on pubs this week. (Details)
Writing to the Chancellor yesterday, he made the case for further investment to safeguard the future of our nation’s pubs. He reiterated the consistent message from the pub industry that a sector specific package of support will be required, including extension of furlough to prevent further widespread redundancies, a long term extension of VAT at 5% to encourage trading and a further payment holiday on business rates until 2022 to allow pubs to plan their recovery.
Alton stated “the impact of further restrictions on pubs who have delivered extensive changes to venues to protect their staff and customers has two key impacts; restricting already significantly reduced levels of trade, with the majority of pubs not making a profit, and severely undermining critical consumer confidence.”
The BII’s over 9,000 members run pubs across the UK and are greatly concerned about their futures.