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One in five pub and restaurant landlords are still unwilling to negotiate on rent, UKHospitality chief executive Kate Nicholls has told MPs. The hospitality industry has accrued more than £2.5bn in rent debt since the start of the pandemic, with thousands of businesses struggling to pay repayments. Nicholls said the situation was improving, but as […]
The government this week announced an extension of the ban on commercial evictions for three months, which will take us to June 30. Given rent is by far the most pressing and strenuous issue faced by pubs and restaurants currently, with lockdown still upon us, it is a welcome decision. These takeaway boxes don’t bring […]
Unpaid rent is possibly the single biggest financial threat to many restaurants right now as they prepare to fight themselves out of the coronavirus pandemic. Lack of government legislation or, indeed, any kind of lead on this issue, looks set to risk a ripple of business failures as the post-pandemic dust settles. “For many sadly […]
