Question to the HM Treasury:
To ask Her Majesty's Government what plans they have, if any, to compensate pubs, restaurants and bars for any revenue lost as a result of the introduction of a 10pm closing time.
The Government recognises that the necessary restrictions on opening hours for hospitality venues will be disruptive for businesses in this sector.
We recognise that the sector is a vital source of employment across the country, and that is why – in addition to the CJRS, tax deferrals and loans – we have prioritised support for hospitality businesses. This has included:
On 24 September the Chancellor set out the next phase of our plan to support the economy, following announcement of measures to control the spread of COVID-19. This is a targeted package of measures to support jobs and business through the winter months, including a new Job Support Scheme, an extension of the reduction in VAT (5%) for the tourism and hospitality sector to 31 March 2021, and changes to the existing government backed loan schemes to help business access the finance they need and plan their cashflow.
The Government is continuing to collect evidence on the impact of the pandemic on the hospitality sector and to work with businesses and representative groups to inform our efforts to support this sector.