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Covid-19 and the Effects on the Hospitality Trade

During the lockdown, Pubs, Bars Restaurants and Clubs have poured a staggering 81 Million pints of beer down the drain! This equates to a heart wrenching £331m of lost revenue! While the UK government has supplied some form of support during the crisis, by way of bridging loans and furlough payments, still almost 10,000 licensed premises shut their doors for good in 2020! This shows a rise of 125% on the previous year. Self Run establishments being the biggest casualty with Casual dining, the hardest hit businesses. An estimated 640,000 job losses have been caused already in 2020 regardless of…

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