Waiting for Discovery Day...
Eagerly awaited, 4 July is the day when restaurants and pubs will be able to join delivery and takeaway outlets to serve customers. And, it will be the start of discovering how successful they will be.
The consensus is that around two thirds of outlets will open in July and with the revised 1 metre social distancing rule, these businesses will be able to operate at something like 70% capacity. And 70% of two thirds is about 50%. In other words, on these figures the industry will be set up to cope with about half of pre-covid levels of business. This is just about break even for an average business. This implies that the industry as a whole, will just about survive and this should, thankfully, form a platform for longer-term growth.
Read my full Weekly Briefing Report here: