‘The chancellor has set out measures to help England’s hospitality sector as it struggles with a collapse in bookings sparked by the rise in Covid cases.’
It’s lockdown by stealth at the moment. By spreading enough vague rumours about restrictions, sufficient people are cancelling their plans to have the same effect, without Boris having to support the affected businesses. Genius.
Any indication as to what ‘eligible businesses’ are?
Being hospitality/tourism and ‘Excluded’ in every round of support so far, I am not exactly excited by this prospect…
Brilliant, more money being fucking wasted that will need to be repaid by us common folk. Lockdown is absolutely coming then, wonder when they’ll announce it? Maybe tonight?
This will absolutely cripple the sector. 6k grant? But being basically shut for two weeks probably loses a lot more than six measly grand. Bear in mind they still have creditors and staff to pay. At least the government is letting them do outdoor table service, I’ve always wanted steak and chips while it’s 0° outdoors and resembles Siberia.
Quick back of an envelope maths, pubs alone could suck up 20+% of this billion, in grants funding. One billion is not going to be anywhere NEAR anough…
Edit: seems only £650M-ish is for the grants, so pubs alone would take a significantly higher chunk now…
Does this mean I can have a little rest from being ruinously exhausted from unfriendly guests and constant doubles!
It’s such a shame Rishi was not around when Theresa May was PM, she tried very hard to find that Magic Money Tree, and it turns out Rishi had it All along.
Only available for hospitality (presumably based on SIC codes?), and companies that pay business rates (so suppliers and companies without premises get nothing):
> Recipients must be solvent businesses, and ratepayers in the hospitality and leisure sector. For example, a pub; hotel; restaurant; bar; cinema; or amusement park.
The amount received depends on the rateable value of the premises:
I don’t want to seem unsympathetic to business owners, but surely taxpayers money should only be handed out to protect the economy itself. It shouldn’t be used to compensate individual business owners who have been unlucky. Not even if they have been really, really unlucky. Business is risky at the best of times.
Do we really need to keep all these hospitality businesses going throughout the pandemic, which for all we know might rumble on for another year or more?
If most of the coffee bars, sandwich shops, and even some restaurants and pubs, go under, surely they will open up pretty quickly when things do get back to normal. Some of them will have new names and new owners, but in economic terms what does that matter? It is hard for the old owners who went bust, but great for the new owners who might never have had that opportunity in different times.
Why are my taxes being used to prop up person A running my local sandwich shop, when the alternative is to spend nothing and end up with person B opening new local sandwich shop?
Good. It will undoubtedly be a bit scattergun and some of the money will be wasted on companies that don’t need it. But supporting businesses who are affected by government guidance is the right thing to do. £1bn is a decent wodge, that’s about £20 each which feels like about the right amount for lost spending.
Oh oh maybe they’re gonna he’ll the suppliers of those sectors that have been fucked too
Ahaha no.
It’s nothing. You have to have a rateable value of 51k+ to receive £6k which is fuck all if you’re at that scale.
11 comments
‘The chancellor has set out measures to help England’s hospitality sector as it struggles with a collapse in bookings sparked by the rise in Covid cases.’
It’s lockdown by stealth at the moment. By spreading enough vague rumours about restrictions, sufficient people are cancelling their plans to have the same effect, without Boris having to support the affected businesses. Genius.
Any indication as to what ‘eligible businesses’ are?
Being hospitality/tourism and ‘Excluded’ in every round of support so far, I am not exactly excited by this prospect…
Brilliant, more money being fucking wasted that will need to be repaid by us common folk. Lockdown is absolutely coming then, wonder when they’ll announce it? Maybe tonight?
This will absolutely cripple the sector. 6k grant? But being basically shut for two weeks probably loses a lot more than six measly grand. Bear in mind they still have creditors and staff to pay. At least the government is letting them do outdoor table service, I’ve always wanted steak and chips while it’s 0° outdoors and resembles Siberia.
Quick back of an envelope maths, pubs alone could suck up 20+% of this billion, in grants funding. One billion is not going to be anywhere NEAR anough…
Edit: seems only £650M-ish is for the grants, so pubs alone would take a significantly higher chunk now…
Does this mean I can have a little rest from being ruinously exhausted from unfriendly guests and constant doubles!
It’s such a shame Rishi was not around when Theresa May was PM, she tried very hard to find that Magic Money Tree, and it turns out Rishi had it All along.
More details in the [factsheet on gov.uk](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1042718/Public_fact_sheet_-_LA_grants.pdf)
Only available for hospitality (presumably based on SIC codes?), and companies that pay business rates (so suppliers and companies without premises get nothing):
> Recipients must be solvent businesses, and ratepayers in the hospitality and leisure sector. For example, a pub; hotel; restaurant; bar; cinema; or amusement park.
The amount received depends on the rateable value of the premises:
* £0 – £15k = £2,700
* £15k – £51k = £4,000
* £51k+ = £6,000
You can look up the rateable value of businesses on [the government website](https://www.tax.service.gov.uk/business-rates-find/search) to see how much they could get.
I don’t want to seem unsympathetic to business owners, but surely taxpayers money should only be handed out to protect the economy itself. It shouldn’t be used to compensate individual business owners who have been unlucky. Not even if they have been really, really unlucky. Business is risky at the best of times.
Do we really need to keep all these hospitality businesses going throughout the pandemic, which for all we know might rumble on for another year or more?
If most of the coffee bars, sandwich shops, and even some restaurants and pubs, go under, surely they will open up pretty quickly when things do get back to normal. Some of them will have new names and new owners, but in economic terms what does that matter? It is hard for the old owners who went bust, but great for the new owners who might never have had that opportunity in different times.
Why are my taxes being used to prop up person A running my local sandwich shop, when the alternative is to spend nothing and end up with person B opening new local sandwich shop?
Good. It will undoubtedly be a bit scattergun and some of the money will be wasted on companies that don’t need it. But supporting businesses who are affected by government guidance is the right thing to do. £1bn is a decent wodge, that’s about £20 each which feels like about the right amount for lost spending.
Oh oh maybe they’re gonna he’ll the suppliers of those sectors that have been fucked too
Ahaha no.
It’s nothing. You have to have a rateable value of 51k+ to receive £6k which is fuck all if you’re at that scale.