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Published on : Wednesday, December 30, 2020
Labour has requested the government to offer financial help to the hotel and hospitality sector, along with high-street businesses, encountering more than £3 billion wipe off from the tourism sector of Britain this winter.
The recent study by the opposition party has emphasized that the amount spent by foreign tourists have decline by 80 per cent, with businesses serving the “visitor economy” of Britain missing out on billions in revenue.
Politicians and trade unions of Britain have issued a caution statement to all businesses which are struggling without adequate financial aid.
For closed businesses, direct grants are worth half what they were in the first lockdown, while those dependent on tourist income remain scratched in a bad way.
Also, labour said that other payment restrictions for local areas is insufficient and fails to serve any purpose for the severity of restrictions.
To quote shadow business secretary, Ed Miliband, “Businesses across the UK are facing a black hole this winter, with billions wiped from their incomes during the crucial Christmas period.Those businesses in our visitor economy face not only the effects of restrictions here but the huge loss of spend from tourism to the UK. Our hotels, hospitality and high streets will be especially hard hit.Unless ministers change tack, a winter wipe-out of these usually vibrant businesses is a real possibility. The government must do the right thing and see them through to the end of this crisis.”
Also, trade unions have mentioned about the lack of support, with the GMB union warning of mass job loss.
A spokesman said: “Some sectors of the economy urgently need targeted support if even greater mass-unemployment is to be avoided.”
“From aviation to cash-in-transit and parts of the retail sector, government intervention is required; but ministers’ negotiations have yielded just a single agreement to date.”
Tags: labour