He reckons the debt he has taken on so far will take the business six years to pay back, which leaves him facing some difficult decisions.worth up to £3,000 a month per property to keep retail, hospitality and leisure businesses afloat until the spring.
A survey of the trade body's members revealed that 80% of businesses did not have enough cash to make it through to April. "It's going to be unbelievably brutal in the first quarter," Ms Nicholls said.The latest lockdown follows a bruising Christmas period for the hospitality sector, which typically depends on a busy December to tide it over during January, traditionally a quiet month for pubs and restaurants.
Monthly fixed costs at each of the pubs run to £9,500 and only one of their venues qualifies for the full £3,000 grant, so Mr Hughes says the Treasury's support "doesn't touch the sides". That was before an unexpected decision to put St Albans into tier three forced him to close the pub. He cancelled those bookings and refunded customers their £16,000.The Plough's "winter garden", which was booked up for the Christmas period, stands empty
He has called for pubs to be given more time before they are required to pay business rates again, which will leave pubs facing an £800m bill as soon as the current rates holiday expires in March, according to the British Beer & Pub Association.'Kidding ourselves'
To be in a position where you are accepted to be able to borrow 4 million is something to consider when you look at all the small business owners unable to keep afloat.
whys he look so happy about it?
Why hasn't he signed on? JSA is enough to survive on according to the government until he finds a job.
I'm sorry to say but these people knew what was going to happen they are business people and have no profits coming in to keep them in the life style they so enjoy
Not sure why you care, given you are the spreaders of lockdown propaganda. None of your staff are affected.
Horrendous isn’t it. I’m borrowing just to keep my business afloat as we are ExcludedUK by RishiSunak Now we also have the home schooling of 3 under 13 to deal with. What joy! I’m not scared of the virus. I’m terrified of the lockdown and it’s consequences. flattenthefuture
Restore old system of no NI/pension contributions whilst in full lockdown! Employers can pay contributions when they reopen.