Lib Dems: Chancellor must act as 1 in 4 pubs worry they will go bust in less than three months
Wednesday, 16 December 2020 11:58
The Liberal Democrats have called on the Government to intervene
and save pubs from going bust after new statistics revealed just
than 1 in 4 pubs (28%) have "no or low confidence" that they will
survive the next 3 months. Deputy Leader of the Liberal Democrats
Daisy Cooper said: “Pubs are a hugely important part of our social
and cultural fabric, and are community hubs often run by families
for the love of the trade. "With so many pubs worried that
they...Request free trial
The Liberal Democrats have called on the Government to intervene
and save pubs from going bust after new statistics revealed just
than 1 in 4 pubs (28%) have "no or low confidence" that they will
survive the next 3 months.
Deputy Leader of the Liberal Democrats said:
“Pubs are a hugely important part of our social and cultural
fabric, and are community hubs often run by families for the
love of the trade.
"With so many pubs worried that they wont be able to survive
the next few months of the pandemic, alarm bells should be
ringing across government.
“The Chancellor must take radical action: he must increase
grants so they cover fixed costs during restrictions, guarantee
that furlough will be extended for as long as pubs can’t
operate properly, and provide an income for landlords so they
can eat and provide for their families.”
“Failure to act will leave a gaping hole in communities across
the UK."
ENDS.
Notes to editors:
Public houses and bars: responding businesses' cash reserves
and confidence can be found here.
In summary:
- Less than 1 in 5 pubs (19%) have "high confidence" that
they will survive the next 3 months (for businesses generally
it's 60%)
- 28% of pubs have "no or low confidence" that they'll
survive the next 3 months (much higher than the 5% for all
businesses)
- 24% of pubs have less than 1 month's cash reserves
(including 10% who have no reserves) - much lower than the 9%
for all businesses.
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