The government has announced new legislation which will extend the rent moratorium past the former 30 June 2021 deadline, while also introducing a new arbitration system to solve disputes between landlords and commercial tenants affected by the pandemic.
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Spanish tapas restaurant and bar group Iberica has successfully emerged from the threat of insolvency, saving around 135 jobs and five out of seven outlets.
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UK Hospitality has again called on the UK government to intervene in the ongoing rent stalemate to prevent “widespread job losses and business failures” across the sector.
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The government has confirmed that it has extended the residential moratorium on lease forfeiture and debt enforcement to commercial leases.
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The hospitality industry has reiterated the urgency of the implementation of a six-month lease forfeiture moratorium for commercial businesses to prevent landlords taking control of premises in the event of non-payment of rents.
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