Pub Curfew Due to Covid Spike ‘Devastating’ For U.K. Businesses, Says Industry Group

Bloomberg QuickTake: Now published this video item, entitled “Pub Curfew Due to Covid Spike ‘Devastating’ For U.K. Businesses, Says Industry Group” – below is their description.

Struggling businesses were just getting back on their feet after the U.K.’s first national lockdown sparked the country’s deepest recession in over a century. Now they face another six months of hardship after Prime Minister Boris Johnson unveiled a fresh tranche of coronavirus restrictions that will last until spring 2021. Johnson’s announcement immediately put pressure onto Chancellor Rishi Sunak to set out how the government intends to protect jobs and help businesses through the autumn and winter, just as it winds up its support programs. The Treasury has been considering a plan from business leaders for the state to top up wages of employees who return, but has so far rebuffed calls to extend the furlough program in full. “I don’t think the chancellor is minded to wholesale extend the furlough scheme,” First Secretary of State Dominic Raab told Sky News on Wednesday. “We are looking at targeted measures.” The biggest blow is likely to be felt by the hospitality industry, which is being forced to close early — at 10 p.m. each night from Thursday — and will suffer from the government’s new instruction to office workers to work from home. That will leave many city centers virtually empty of customers during the working day and after hours. “Lots of businesses will not survive this and we are going to see more and more people lose their jobs unless we have the support to counterbalance these restrictions,” Kate Nicholls, chief executive of trade body UKHospitality, said. “The Government must immediately announce an exhaustive package of financial support, otherwise our sector is facing ruin.” Sunak and Johnson are trying to protect the country from a deadly resurgence of the coronavirus that left the U.K. with the highest death toll in Europe, while avoiding an economically disastrous second national lockdown. In a statement to the House of Commons on Tuesday, the prime minister ordered restaurants and bars to close earlier to stop people passing on the disease after drinking alcohol. He also scrapped plans to allow live audiences back into sporting events next month. Read the rest of this story at Bloomberg.com: https://bloom.bg/2RNXAGd

Bloomberg QuickTake: Now YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

Australia Election: Inside Scott Morrison, Anthony Albanese’s Campaign Trails

Putin Has No Say in Who Joins NATO: Pentagon

Karine Jean-Pierre, New White House Press Secretary, Highlights ‘Firsts’

In This Story: Dominic Raab

Dominic Rennie Raab is a British politician serving as First Secretary of State and Secretary of State for Foreign and Commonwealth Affairs since July 2019.

This role is otherwise known as Foreign Secretary.

Raab served in the British Cabinet as Secretary of State for Exiting the European Union in 2018, until his resignation. That role was otherwise known as Brexit Secretary.

6 Recent Items: Dominic Raab

Brexit freedoms in the Queen’s Speech: Political Commentator reviews Dominic Raab’s position

Double standards? Conservatives target Starmer over ‘beergate’

Dominic Raab: Local election results are ‘mixed bag’

Sophy Ridge on Sunday: Dominic Raab, Lisa Nandy and Daisy Cooper

Passport delays could mean holidaymakers forced to cancel half-term trips | ITV News

Deputy Prime Minister Dominic Raab Quizzed On Passport Renewal Delays & Cost-Of-Living Crisis | GMB

In This Story: Lockdown

During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

3 Recent Items: Lockdown

Shanghai plans to start lifting months-long lockdown in June

‘I want Keir Starmer to follow the standards that he set for other leaders.’ | Dan Wootton

What It’s Like Living in Shanghai Under Lockdown

In This Story: Rishi Sunak

Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.

His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.

Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.

Brief Biography Here.

7 Recent Items: Rishi Sunak

Lord Peter Lilley discusses Rishi Sunak’s approach to the cost of living crisis

Trade Union Congress General Secretary says ‘people need help now’

Ed Miliband says it’s ‘obscene’ that government refuses to introduce a windfall tax

There is a culture in Westminster that it’s everybody’s fault but ours | Benedict Spence

‘Bloomberg Surveillance: Early Edition’ Full (05/12/22)

UK Chancellor Rishi Sunak Says N. Ireland Brexit Deal Is Causing Harm

Sunak Says Old Tech Prevented Him From Raising Benefits

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.

Posting....