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Labour warns 650,000 hospitality business at risk of collapse

New analysis by the Labour Party has revealed an underlying cash crisis for firms on the high street face, with more than a million food services and accommodation businesses saying they have less than 3 months of cash reserves.

The Labour Party has accused the government of “economic negligence” as it has estimated 650,000 hospitality businesses could collapse in the next three months amid reports of the current lockdown lasting until May.

New analysis by the opposition party, based on the latest ONS data, has revealed an “underlying cash crisis” for firms on the high street.

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