The Covid-19 outbreak has been a catastrophe for all rent-paying ‘bricks and mortar businesses’ according to All Our Bars chief executive Paul Wigham who sets out what he believes the Government should do next.
Pubs code adjudicator (PCA) Paul Newby and deputy Fiona Dickie have called on regulated pubcos refusing to waive rent to clarify how they plan to back tied tenants through the ongoing pandemic.
Angry commentators have let rip on social media in response to the British Beer & Pub Association boss Emma McClarkin speaking on behalf of pubco bosses, which said “cancelling pub rents” was not the solution to the ongoing crisis.
The Government is stopping banks from requesting personal guarantees for the Coronavirus Business Interruption Loan Scheme (CBILS) for businesses wishing to borrow under £250,000.
The businesses regulated by the pubs code have signed a joint declaration to protect tenant rights after informing pubs code adjudicator (PCA) Paul Newby that they are unable to uphold duties during the Covid-19 shutdown.
Pub employers are faced with a dilemma after workers who started their roles on or after 1 March 2020 have been told they are not eligible for the Government’s job retention wage scheme.
Lloyds Bank Commercial Banking has said it will not ask for personal guarantees for any new lending it approves during the period of the Government’s Coronavirus Business Interruption Loan Scheme (CBILS).
While it is hoped that workers across the hospitality sector will be able to return to their jobs within a few months, The Morning Advertiser has taken a look at what options there are for pub staff who have been furloughed.
Businesses looking to borrow less than £250,000 under the Coronavirus Business Interruption Loan Scheme (CBILS) will now not be asked for personal guarantees but operators are still having to jump through hoops to access the funds.
With many insurance companies claiming the protection operators took out is unlikely to be valid for a business interruption such as coronavirus, Cornerstone Barristers’ Philip Kolvin looks at whether you are covered or not.
A financial expert has said many self-employed publicans will have no option but to use the funds saved for tax to pay immediate bills after Chancellor Rishi Sunak revealed his plans to help self employed people last night (Thursday 26 March), set to...
The Government has set out more details around its job retention scheme, which was announced by the Chancellor, to help businesses that have been severely affected by coronavirus.
Chancellor of the Exchequer Rishi Sunak has outlined the Government’s plans for self-employed people, with a taxable grant that will cover 80% of individual’s earnings and begin in June.
The boss of JD Wetherspoon says he hopes his staff will receive the first payment under the government’s coronavirus job retention scheme on Friday 3 April, but awaits clarification.
A business finance specialist believes the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) may be making the same mistakes that a previous scheme did when it was launched a decade ago during the financial crisis of 2009.
