"Many hospitality units are in Transport For London (TFL) property and Sadiq Khan should give them a rent and business rates holiday for the strike period if they are in affected postcodes."
"The hospitality sector has been hit by rising Employers National Insurance Contributions (NIC), the cost-of-living crisis and increases in the living wage. It can ill afford a week of negligible footfall caused by these strikes without getting some form of support. While offices can adapt with home working, that option is not open to an already under stress sector that requires in person work for a number of roles. London hospitality businesses will have to consider if it is better to close for the week to try and preserve cash. At a time when owners of small hospitality businesses are working longer hours as they can ill afford extra staff, the union demands of a reduced working week may garner little favour. Hospitality employees on zero-hour contracts will be affected by the Union action the most. They are only paid for the hours they work, meaning they may lose out on an entire week's wages."
Provide a rent and business rates holiday to hospitality units located on Transport for London property in affected postcodes for the strike period. The hospitality sector faces rising Employers National Insurance Contributions, the cost-of-living crisis, and increases in the living wage, leaving limited resilience for a week of negligible footfall. Many hospitality roles require in-person work so home working is not a viable mitigation. Some businesses may choose temporary closure to preserve cash. Small business owners are working longer hours and may oppose reduced working week demands. Zero-hour employees risk losing an entire week's wages during strike action.
Read at London Business News | Londonlovesbusiness.com
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