Hospitality industry charity Only A Pavement Away, which supports the homeless, ex- offenders, and vulnerable veterans with jobs in hospitality, has committed funding to ensure its members don’t fall back into destitution, in light of growing concerns over COVID-19. The charity is diverting existing cash and also seeking fresh funding from supporters to help any member … [Read more...]
Search Results for: COVID-19
COVID-19 macro view: Worldwide stock markets volatile
Regular readers will know that much of our reporting currently on COVID-19 is taking a macro view, looking at absolute basics that will shape things to come. Readers will know that we have cited watching what money markets are doing to try and gauge the economic pulse. On Saturday we were advising hospitality businesses to look at cash flow with ice cold pragmatism and with … [Read more...]
British Insurers statement on COVID-19 highlights ‘almost zero’ cover for hospitality businesses
Today the Association of British Insurers has issued a statement on the closure of businesses and the impact of COVID-19. It will bring no comfort to most businesses as standard business interruption cover does not cover the situation hospitality businesses across the UK face today. The statement highlights that as far as British Insurers are concerned there is almost … [Read more...]
COVID-19 impact on Hospitality Industry now catastrophic, says UK Hospitality
Boris Johnson on behalf of the UK government yesterday, for all intents and purposes closed the UK pub sector, and many businesses associated with it. In his address to the nation yesterday he was advising people not to go to pubs and implement social distancing. Whilst this is still not yet official government policy or law, it will nonetheless be observed by … [Read more...]
COVID-19: Hospitality and UK PLC needs another budget, fast
We were amongst the first to recognise and praise steps taken last week by the new Chancellor, Rishi Sunak in his budget, the same budget, less than a week later needs urgent review. Just as the government yesterday announced daily generic update briefings on COVID-19, businesses across the UK will need regular updates on the government’s financial policy, which needs to be … [Read more...]