More than one in three restaurants and hotels fear they will shut permanently within next three months as second lockdown hits hospitality sector

More than one in three restaurants and hotels fear they might have to shut for good within the next three months as the sector is badly hit by a second lockdown. The Office for National Statistics said 34 per cent of businesses in the accommodation and food services sector have ‘little or no confidence’ they will last beyond the end of January. It comes after Caffe Nero was last week forced to put itself into a Company Voluntary Arrangement, a type of insolvency that allows firms to continue trading while they attempt to get their finances in order. Founder Gerry Ford, 62, said the second lockdown had pushed the company to act.  The chain has suffered from curbs on socialising, fewer shoppers in town centres and the government advice for workers to stay away from their offices.  A pub in London which had been boarded up for the second lockdown. There is no suggestion this venue will close  WH Smith confirmed it was set to close 25 shops, putting 200 jobs at risk, after reporting a £280million annual loss.  And Adrian Ellis, the manager of Manchester’s five-star Lowry Hotel and the chair of the Manchester Hoteliers’ Association (MHA), who believes the… Read full this story

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