Originally written by Timothy Adler on Small Business
Prime Minister Boris Johnson will announce extra cash for pubs and restaurants hit by new coronavirus restrictions to help them get through Christmas.
The Prime Minister could announce the extra cash for pubs and restaurants as early as tomorrow (Tuesday) in a bid to get to rebellious Tory MPs to vote through new coronavirus restrictions.
The government’s new tiered coronavirus system will slash income for pubs and restaurants, 98 per cent of which will either be in Tier 2 or Tier 3, in half meaning £7.8bn in lost incomes, according to trade body UKHospitality.
>See also: Non-essential retail and gyms to reopen next month under new tier rules
One government source told the Telegraph: “There are already grants of £2,000 and £3,000 for businesses in Tiers 2 and 3, but we recognise that we need to do more.”
The new tiered system, which has been described as a death knell for thousands of pubs and restaurants, requires all premises in Tier 3 to offer only takeaway service, while those in Tier 2 can only serve alcohol with “substantial meals” – restrictions which will apply to 99 per cent of Britain.
Ian Payne, chairman of Stonegate, Britain’s biggest pubs group