◆ Jamie Shail of Rothay Manor says: “Rishi Sunak has done what he needed to do to save many jobs over the coming months. That being said, I would have liked to hear something further on business rents and rates, given the impact to hospitality in cities.
“Unfortunately, the recent restrictions on opening hours for restaurants has seen an increase in uncertainty, and a large reduction in our capacity. The uncertainty has already seen a drop in bookings and an increase in cancellations.
We will benefit from the scheme, mainly from the extension of the VAT reduction which is very welcome. As a small hotel and restaurant, we don’t have the ability to take advantage of the ‘reduced hours top up scheme’ as we need the same number of staff across the whole year.
“And while the ‘pay as you grow’ changes on the government backed loans will help, all this does is move the problem to a later date. We’re in a good enough position not to need to make redundancies, and have no plans to, and I hope this doesn’t change.”