The Government has extended support to prevent business evictions until the end of 2020
Commenting on the announcement, UKHospitality Chief Executive Kate Nicholls said:
“This is a welcome step forward and should give businesses some much-needed breathing room to come to agreements. This alone, however, is not going to solve the crisis.
“It’s critical that the Government also extends the moratorium on statutory demands and winding-up petitions and include County Court Judgments. This should be extended until the end of March 2021 to give maximum opportunity to find solutions.
“It needs to be followed by further support which, crucially, must include working with landlords and tenants to find a mutually equitable solution. The debt is not going to go away and many businesses have no chance of paying. This is a stay of execution, but we are still short of a full reprieve.”