Labour Party analysis of the latest ONS data shows more than 650,000 hospitality businesses in danger of failure. Labour’s conclusion from the data analysis is that government would be guilty of ‘economic negligence’ if it fails to act.
Shadow business minister, Lucy Powell, called on the business secretary Kwasi Kwarteng “to stand up for businesses in government” and not “leave them to go bust.”
“It’s his job to be their strong voice, not a Treasury mouthpiece,” Powell said.
She added: “A million firms are struggling with a cash crisis threatening jobs and livelihoods just as the vaccine offers hope. The cost of business insolvencies and unemployment on this scale would take a wrecking-ball to our economy.
“If the government fails to act on this latest evidence, and doesn’t bring forward an urgent, comprehensive plan, they’ll be guilty of economic negligence that will choke off the recovery, and damage our country for years to come.”
Lucy Powell has shown herself to be a true advocate of hospitality, and there is no better example of that than her speech at the Minister for Hospitality debate in Parliament recently. The full debate can be seen here, if you love hospitality you will love seeing and hearing the debate.
News from the hospitality and catering industry is also being featured extensively in our Facebook and twitter social media accounts with the opportunity to engage with others in hospitality and share your views.
Hospitality & Catering News: Shadow business minister, Lucy Powell turns up the heat on government support for hospitality – 1 February 2021 – Shadow business minister, Lucy Powell turns up the heat on government support for hospitality.
Copyright: All content in Hospitality & Catering News is protected by copyright.