Reaction as London moves to Tier 3 coronavirus restrictions

The video discusses the severe impact of multiple lockdowns on the hospitality sector, emphasizing the emotional and financial strain on businesses. It highlights innovative strategies like setting up an online shop to sustain revenue. The speaker criticizes the inadequacy of furlough schemes for business survival and calls for government support similar to other European countries.

What is one of the major challenges faced by the hospitality industry during lockdowns?

• Emotional and commercial strain

• Increased customer demand

• Abundance of government support

• Expansion of business operations

What innovative approach did the company take to generate revenue during the lockdown?

• Launched a new restaurant chain

• Opened new physical stores

• Started an online shop selling kits

• Invested in real estate

Why did the company continue its online shop despite low revenue?

• To maintain team morale and unity

• To increase their profit margins

• To expand their market share

• To compete with larger businesses

What is the main criticism of the furlough scheme according to the speaker?

• It does not help businesses with fixed costs

• It is not available to all employees

• It is too expensive for the government

• It only benefits large corporations

What kind of support does the speaker suggest the UK government should provide to the hospitality sector?

• Tax increases

• Grants and financial aid

• More lockdowns

• Reduction in employee wages