Coronavirus

UKH: New rent moratoria will help avoid ‘immediate bloodbath’

The recent extension to the lease forfeiture and debt enforcement moratoria will help avoid an “immediate bloodbath” of business failures across hospitality, but it must be accompanied by support to resolve Covid-related rent debt, UKHospitality has warned.

The trade body has welcomed today’s announcement by communities secretary Robert Jenrick that it will be extended until March 2021, but warned that financial support will “still be necessary”.

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