Mayor Calls For’ Urgent Support’ For Businesses

by takingpitches

In a letter on the prime minister, the Labour mayor stated the spot was the “UK’s cultural and economic powerhouse” employing one in ten Londoners.

Footfall in probably the West End is currently sixty three % lower when compared with this time last season, based on figures from the brand new West End Company.

The government was approached for comment.

The amount of individuals going to the the West End enhanced when non essential retail stores reopened on fifteen June, although New West End Company stated there was a plateau “at below half of normal levels” since then.

The team, that presents 600 merchants & landlords in Mayfair, Regent Street, Bond Street, and Oxford Street, has forecast a £5bn fall in yearly retail sales for companies in the region.

It’s also warned that 1/3 of 150,000 people it represents might face redundancy.
Chief Executive Jace Tyrrell described the “next few months” as “a defining moment for a huge selection of West End businesses” with research indicating that people’s problem about utilizing public transportation was particularly impacting the amount of guests.
Emilio Malik, who operates Mayfair based Lebanese joints Lafeez Tapas, told the BBC adding up the congestion ask for as well as extending its hours was not saving the circumstances.

“We’re approximately 75 % down [compared to last year]. It is tough. We have been on the street approximately 15 years now. We have developed an excellent trade but it is challenging,” he said.
In Mr Khan’s letter to Boris Johnson, he set out 8 proposals which he stated would make sure the West End might endure, which includes extending the company rates holiday beyond the conclusion of March following year and producing a financial aid program for London’s companies.

Commenting on the letter, the mayor stated London were definitely the “economic motor on the UK” for many years, with the community accounting for a quarter of the UK’s overall economic output.

“In the face of a best economic storm, our companies need immediate and sustained support from authorities to conform that they are able to survive,” he added.

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