National Time Out should extend to March 2021, Hospitality Union leader tells Chancellor Rishi Sunak
Hospitality Union leader Jonathan Downey has sent a revised version of the National Time Out policy proposal to the uk government, whereby rents on hospitality businesses would be frozen for a total of nine months and phased back to their previous levels by March 2021.
The industry representative criticised the government's code of conduct issued to businesses and landlords to elucidate matters of rent, saying it looked like "a meaningless waste of time."
Instead, he said, businesses unable to open as a result of the coronavirus - because, as they are currently, they are banned from doing so, or because preventative measures such as travel bans and physical distancing prevent them from being viable - should be given a nine month rent-free period, followed by two months of payments based on revenue.
Thereafter, businesses would either contribute 10% of their turnover to rent or a reduced percentage of rent in the region of 25% of their original value.
Jonathan Downey Tweeted that the implication made
He then shared a graphic showing how most landlords, banks and financiers could continue to turn profits despite a nine month debt repayment break.
Most landlords will still make money from their tenants even if they’re forced to offer long rent-free periods. See the example below which demonstrates how a landlord will still make money this year despite offering 9 months of rent-free. pic.twitter.com/GYHoIAcA9q
— Jonathan Downey (@DowneyJD) June 8, 2020
If government were to heed his advice, it would also extend a rent moratorium preventing landlords from evicting its business tenants, currently set to cut off at the end of June.
Photo credit: Greg Funnell
The Staff Canteen has always been more than a website—it’s a community, built by and for hospitality. We share the wins, the challenges, the graft, and the inspiration that keeps kitchens alive.
We believe in staying open to everyone, but creating this content takes real resources. If you’ve ever found value here—whether it’s a recipe, an interview, or a laugh when you needed it most—consider giving just £3 to keep it going.
A little from you keeps this space free for all. Let’s keep lifting the industry, together.
Support Us
CONTRIBUTE
National Time Out should extend to March 2021, Hospitality Union leader tells Chancellor Rishi Sunak
