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The industry has barely begun to recover

Writer's picture: Peter BackmanPeter Backman

Over the past five years, the industry has ‘lost’ a total of almost £50 billion in sales when measured against inflation-adjusted 2019 figures…


In this week’s issue, I reflect on the seismic changes that have occurred since the pandemic’s emergence almost five years ago. The ONS data paints a sobering picture for the industry’s trajectory.


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