LONDON (BLOOMBERG) - Tables were packed this week as diners took up the UK government's offer to pay half the cost of meals out, in an effort to boost Britain's beleaguered hospitality industry.. Read more at straitstimes.com.
LONDON - Tables were packed this week as diners took up the UK government's offer to pay half the cost of meals out, in an effort to boost Britain's beleaguered hospitality industry.
Under the plan, the Treasury will pay 50 per cent of the cost of meals, capped at 10 pounds per person, on Mondays, Tuesdays and Wednesdays through the month of August.It's an eye-catching plan to address one of the hardest hit sectors, unveiled as part of the government's wider effort to boost consumer confidence and revive the economy.
"I'm 70, so apparently in a very vulnerable group, and it's encouraging us to come out for a financial reward, whereas we may not without it." Table Service Waiters in visors milled around socially-distanced tables as Dimmock spoke and one-way signs marked a path through the restaurant, which was full all night.
"Discounting people to get out is not the long term answer, or even a medium term answer," Molnar said in an interview."In the absence of good public health policy, it won't be valuable." The government is already preparing for a new surge in infections, buying up drugs ahead of the winter and local lockdowns on areas where the virus is taking off again. Johnson has said he wants to avoid a full national lockdown again, but it remains an option.
Despite having a 300% increase in bookings this week, compared to the same days last year, Gavin Adair, managing director of Rosa's Thai Cafe, a national chain, agreed. Rent support"may have been a better or more targeted use of the money," he said.
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