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Venues were only allowed to serve people outdoors, limiting the number of possible bookings. Under the government’s four-step plan out of lockdown, all hospitality venues should be able to reopen indoors from 17 May.
As non-essential shops, hairdressers, gyms, theme parks, zoos and campsites also opened again from Monday, many more people hit the road. The number of cars on the streets on Monday was at 91% of the level since in the first week of February 2020, the highest level since November, according to figures from the Department for Transport.
Data from searches of online grocery retailer Ocado’s website released on Thursday suggests that demand for snacks, canapés and alcoholic drinks associated with alfresco socialising in gardens and public spaces has also grown markedly in the past month as England’s lockdown began to ease.
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For the first time since lockdown measures were introduced, monthly insolvency filings were higher in 2020 than the same month a year before.
The Insolvency Service reported 1,228 registered company insolvencies in December 2020 with the bulk of those being creditors voluntary liquidations (CVL). Duncan Swift, past president at R3 says given the general mood of the industry this comes as no surprise.
“The volume of inquiries and the nature of conversations are moving increasingly towards implementing formal insolvency procedures,” says Duncan Swift, past president at R3 “The tide is turning.”
However, Swift cautions against reading too much into one month’s data.