Government extension of the rent moratorium offers 'little or no meaningful support' to operators

By BigHospitality

- Last updated on GMT

Government extension of the rent moratorium offers 'little or no meaningful support' to operators

Related tags: Lumina Intelligence, Rent, Restaurant, Public house, QSR

The vast majority of Hospitality operators believe the Government’s three-month extension of the lease forfeiture moratorium offers little or no meaningful support to their businesses, according to data from the latest Lumina Intelligence Hospitality Leaders Poll.

The poll of business leaders in the restaurant, pub and QSR sector, found that 87% of respondents believe the policy announcement​ has only marginal benefits and was not long enough to address the issue properly.

By contrast, only 13% believe the Government’s actions offered ‘vital support’.

When asked what would solve the rent arrears issue, 40% of all surveyed believe there should be Government grants for landlords to pay back arrears, with 26% of respondents believing that debts should be written off.

However, 16% of respondents believe the Government should stay out of solving the rent arrears issue, and that tenants and landlords should reach their own agreements.

Just under a third of operators (30%) think there should be a review of legislation on commercial leases.

Confidence among respondents has taken a knock. Among those who took the survey, 69% are confident about the future of their business, down from 75% the previous week.

The Hospitality Leaders Poll is a conducted by Lumina Intelligence on behalf of BigHospitality, MCA, and the Morning Advertiser.

Related topics: Trends & Reports

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