The imminent demise of the hospitality industry has been foretold many times by many commentators, and just like the Government avoiding a Brexit deadline, somehow hospitality limps past it.
But, just like the Brexit transition period will be a thing of the past on 1 January 2021, so will hospitality very soon without further substantial economic help from the Government.
The lines predicting disaster have been repeated so many times they sound like the boy who cried wolf, but the famous fable tells us all that the wolf does ultimately materialise.
The Government has to date provided economic support on a scale not previously seen. Led by Chancellor Rishi Sunak and thankfully at a time when not to have would have seen what we now fear most, large scale obliteration, unfold months ago.
The words are carefully selected, and each considered before use, over statement being counter productive in trying to make any point.
How so many hospitality businesses have survived through the past year is testament to their stewardship, tenacity, and ingenuity. The laws of economics however cannot be stood on their head, in the near future the absence of paying customers will see doors close never to be reopened.
The cost to the Government from the large scale failure of hospitality will dent their (our, the tax payers) coffers for many years to come. In the short term it will force millions of people to be dependent on benefits, it will also see tax receipts in serious decline. The social wellbeing cost to the nation will be immense, as will the health costs from support needed to remedy a mental health crisis.
Each of these statements above warrant very serious consideration.
On New Year’s Day a final Brexit transition outcome will become a reality in the present tense, so will the demise of the UK hospitality industry soon, without the help it needs, and needs right now.
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Hospitality & Catering News: Hospitality failure drawing closer to present tense – 14 December 2020 – Hospitality failure drawing closer to present tense.
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