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

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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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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of easing lockdown too rapidly?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of delaying loan repayments for businesses?

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