Connect with us

Hi, what are you looking for?

Investing

Ditch Covid curbs or face explosion of job losses, says top restaurateur Richard Caring

Bill's restaurant

One of Britain’s leading restaurateurs has urged the government to abandon blanket Covid-19 restrictions or face “an atomic bomb” of unemployment in January.

Richard Caring, who owns chains including Bill’s and The Ivy Collection, said rules that had been “put in place without a great deal of thought” had turned out to be “a killer” for the hospitality industry.

“I think the government should take some time and look at things in detail rather than having blanket situations that make no distinction between different areas,” he added.

Speaking before the chancellor confirmed yesterday that the 10pm curfew was likely to be scrapped, Mr Caring questioned the government’s motives, saying: “When they say we’ll close pubs, we’ll close restaurants, we’ll put a curfew in, it’s done not from a position of knowledge but from a position of politics. A blanket curfew isn’t correct.

“They should take some time to consider it. They’re not aware of the permanent damage being done throughout the country.”

Mr Caring, 72, who last year sold a 25 per cent stake in his business to a Qatari investor, has about 170 restaurants and clubs, including Scott’s, Harry’s Bar, Sexy Fish and the original Ivy in the West End of London.

He has a personal wealth of £820 million, according to The Sunday Times Rich List, although that was before the 40 per cent slump in revenues this year from the pandemic.

Mr Caring was particularly critical of Michael Gove, minister for the Cabinet Office. “When it was announced we were going into lockdown until December 2, the very next day we have the cabinet minister coming out and suggesting it may well be extended again.

“If anybody was thinking of investing or looking for hope down the road, they absolutely kiboshed it. A statement like that means more people become unemployed.”

After visiting eight cities, including Glasgow, Liverpool and Leeds, he said it was obvious from the number of boarded up restaurants and pubs that the situation was critical and he predicted a “big explosion” in January.

Read more:
Ditch Covid curbs or face explosion of job losses, says top restaurateur Richard Caring

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks...

Economy

By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative”...

Economy

THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according...

Economy

THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to...

Economy

THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the...

Investing

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.