The Rt Hon Rishi Sunak MP Chancellor of the Exchequer HM Treasury 1 Horse Guards Road Westminster London SW1A 2HQ 2 July 2020 Dear Chancellor RE: Cash Tax Credits to boost working capital for leisure and hospitality businesses As head of Leisure and Hospitality at RSM, I have been working hard with my clients during […]
The latest monthly CIPS manufacturing PMI today reports an above neutral measure in June at 50.1. This marks a welcome return to positive sentiment. It also adds credence to short term opportunities to bolster and strengthen the prospects of the manufacturing sector, and those whose supply chains rely on it, according to leading audit, tax […]
Flight booking data shows London has fallen to the bottom of the top 10 most booked European cities, as border restrictions and UK quarantine regulations choked travel, according to joint research by the World Travel & Tourism Council (WTTC) and ForwardKeys. In the first half of June last year as the holiday season was in […]
British Salons and Barbers are preparing to re-open whilst keeping preened punters protected from the spread of Coronavirus. Following months of no revenue, salons are eager to encourage customers to refresh their locks after lockdown. Fears over a second wave of the virus mean hairdressers and barbers will play a vital role in protecting the […]
A much-loved independent booksellers is reopening its doors and returning to normality thanks to a six-figure loan from Lloyds Bank. Family-run Topping & Company Booksellers had to close its stores in Ely, Bath, St Andrews and Edinburgh, in accordance with government guidelines back in March. The company furloughed almost all of its 50 employees, sales […]
With doors opening on 4 July and the two-metre rule now relaxed, it will be back to business for the leisure and hospitality industry. However, this crisis doesn’t end with the dialling down of lockdown and the easing of distancing measures. A further cash boost is urgently needed to ensure all businesses survive long enough […]
An award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the Covid-19 pandemic has secured its future with the support of Bank of Scotland. Kinloch Lodge, a family-run 19-bedroom hotel, relies heavily on revenue from international tourists so the ban on overseas travel hit it hard. Some […]
Restrictions on travel, introduced in response to the Covid-19 pandemic, are slowly being eased, allowing tourism to restart in a growing number of destinations. The latest research by the World Tourism Organisation (UNWTO) shows that 22% of all destinations worldwide (48 destinations) have started to ease restrictions, with Europe leading the way. At the same […]
A recent study performed by global events industry leader Evendo reveals a significant decline in customer demand for “traditional” event offerings – typically events, where groups of people are together in confined spaces indoors or outdoors. Although the market is expected to somewhat recover, the current outlook for 2020 is chilling compared to 2019. “As […]
A Walsall based travel firm that has lost thousands of holiday bookings because of the COVID-19 pandemic has safeguarded its future and is continuing to support its customers, after securing £800,000 Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. Parrys International Tours, which operates a wide range of luxury coach holidays, faced unprecedented circumstances […]
