Night Time Industries Association

Reaction to Prime Ministers’ Statement on 31st October 2020 –  Night Time Economy faces ‘Financial Armageddon’ following announcement of Lockdown

Michael Kill, CEO of the Night Time Industries Association said;

“The announcement from the Prime Minister today will leave Night Time Economy businesses facing a ‘Financial Armageddon’.  It is the most horrific of Halloweens.”

“It’s frightening to think that given the gravity of the situation, we are still being given limited communication, consultation or time to respond, or plan around these decisions.” 

“The entire Night Time Economy consisting of thousands of businesses and hundreds of thousands of workers are suffering.  Their plight is being made even worse by the huge void in financial support for the sector.  Many of our businesses have experienced extreme financial hardship, been presented with unmanageable operational measures and have in some cases been forced into complete closure since March.”

“We are extremely concerned for business owners, operators, freelancers, creatives and people working within this sector.  The level of despair and financial pressure this Government has placed them under can only be described as slow torture.  As a result we are seeing a substantial rise in people suffering from deteriorating mental health, with many simply unable to support themselves or their families.”

“Without immediate and significant Government financial support and an exit strategy, it is not an exaggeration to say that this will be the final nail in the coffin for many night time economy businesses.  And even with support, many viable businesses will be lost.  This moment will go down in history as the moment that the Government destroyed a globally significant sector through poor communication and mis-management.”

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