Reopening post COVID-19 could be worse than lockdown months for many UK restaurant operators, says GlobalData
Published on April will see the furlough scheme come to an end and allow customer-facing outlets such as cafés, restaurants, and pubs to reopen. While this may seem like a saving grace for the UK restaurant sector, which has plummeted from *1£32.2bn in 2019 to £21.8bn in 2020, Chancellor Rishi Sunak’s warning of a ‘double-dip’ recession indicates it will not be the economic relief many hope for and expect. With the UK’s unemployment rate forecast to stand at *25.5% in 2021, independent operators that rely on the furlough scheme to stay afloat will have a turbulent road ahead, writ...
Source: retailtimes.co.uk