'I pay my home rent from my business, so how will that work now?” Britain's small businesses are suffering from the coronavirus outbreak. Our reporter tracked the brutal fallout for restaurants as social distancing becomes the norm:
Royal China, one of London’s most famous Chinese restaurants, usually humming with diners in search of its authentic Cantonese cuisine, has closed its doors until May 1 “to protect the health and safety of our customers and staff.”
These may provide some relief, but business operators like Hossi, the 41-year-old owner of a small Persian restaurant in London’s Notting Hill, are coming to terms with the reality of the crisis. Located next door to Hossi’s restaurant is a family-owned dry cleaner, which has been a fixture of the neighborhood for more than a decade. Said, 34, whose uncle owns the business, said he has had to cut down opening hours by four hours a day.
While all small businesses are suffering, the impact on the restaurant industry has been particularly brutal as people try to practice social distancing. “Coronavirus has put unprecedented pressure on the U.K.’s [small and midsize enterprises]. When the cash runs out, businesses collapse. While the banks and the budget have set out important action and relief, the reality for small firms is that short-term cash flow is still the most important thing,” he added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Closed locations, a lack of poll workers: How coronavirus is affecting Tuesday's electionTuesday&39;s primary elections have seen some changes, large and small, amid the coronavirus outbreak.
Consulte Mais informação »
America Is a ShamIf a rule is easy to suspend in reaction to the coronavirus, maybe we didn’t need it to begin with.
Consulte Mais informação »
Coronavirus Causes Wedding Cancellations and Refunds Are An IssueWedding business is in a tailspin due to the coronavirus.
Consulte Mais informação »
Coronavirus flight cuts could extend until summer. Airlines call for $58 billion in aidU.S. airlines say coronavirus travel restrictions mean sharply fewer flights. The carriers are burning through cash and seeking government help.
Consulte Mais informação »
Coronavirus updates live: Restrictions on daily life grow as U.S. death toll climbsHere are the latest updates from around the world.
Consulte Mais informação »
Australia considers tougher movement restrictions to combat coronavirusAustralia's leaders will meet on Tuesday to discuss tighter restrictions on...
Consulte Mais informação »