Published: 29th Dec 2020

Hospitality businesses have missed out on more than £3bn this winter, according to the Labour Party. New analysis by Labour has suggested the amount spent by overseas visitors to the UK has plunged by 80 per cent over the last few months, as the pandemic continues. According to Labour, this means businesses particularly reliant on income from tourists will have seen their income dented above and beyond other businesses in the UK, including 23,500 hotels, B&Bs, camping grounds and hostels; 39,000 pubs and bars; 2,200 zoos, amusement parks and historical sites; 35,500 restaurants; and hundreds of thousands of shops. Labour has called for more than £2bn returned to the Treasury by supermarkets in unneeded business rates relief to boost support for those businesses that do need it, as well as for those who have fallen through the cracks in government support. ‘Businesses across the UK are facing a black hole … (To read the full article, subscribe below)