UK's hospitality industry say Government not doing enough to help businesses during lockdown

UK's hospitality industry say Government not doing enough to help businesses during lockdown

Assessment

Interactive Video

Business

University

Hard

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Chris Mapy faces financial challenges due to the pandemic, relying on government bounce back loans to keep his business afloat. The government has extended loan repayment terms to provide relief. However, the hospitality sector demands more support, including business rate relief and pressure on banks to offer flexible repayment options. There are concerns about easing lockdowns too quickly, which could lead to a resurgence of the virus. The government aims to balance economic recovery with public health safety.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main financial challenge faced by Chris Mapy's business during the pandemic?

Competition from new businesses

Full rent and overheads with no revenue

High employee turnover

Increased supply costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the government plan to provide businesses with breathing space during the pandemic?

By providing free business consultations

By offering free marketing services

By extending loan repayment periods

By reducing taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What additional support did the hospitality sector request from the government?

Free training programs

Subsidized utility bills

More marketing campaigns

Extension of business rate relief and furlough scheme

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential risk of easing lockdown restrictions too quickly?

A decrease in consumer spending

A rise in inflation

An increase in unemployment

A resurgence of the virus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to align the pace of easing lockdown with vaccination efforts?

To boost international travel

To prevent a resurgence of the virus

To increase government revenue

To ensure businesses can reopen fully