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Long term maybe, but it will take years. This isn't just a mothball situation - if you run a small independent bar / theatre / whatever you currently have no revenue and stock going off, staff to pay or let go, and despite the chancellors plans, still outgoings - utilities, wifi, etc etc.
Many, many businesses can't afford not to be trading and will go under. They can't close for a month or 2 and then pick up where they left off.
Then who has the cash to start new businesses in the face of a massive global recession?
villa-ru-
Then who has the cash to start new businesses in the face of a massive global recession?
It will happen regardless. Maybe not as many as before, but that's due to that global recession, and it would have happened all the same when that recession hit - and yes, we were due one in any case, maybe the Coronavirus saved us from an even more massive crash after an even more prolonged bubble. And maybe people's urge to finally go out and do things again will help too.
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Precisely this. And we're going to see a lot of cafes/restaurants/sports clubs/pubs/music venues who have been fighting the good fight against developers for years going under, and they'll be swept away for flats.
Yes, there will be some new ones which are able to open, but there'll be a lot of businesses gone for good with people losing pretty much everything, as well as a lot of the country's cultural life. The idea that they'll dust off the surfaces and pop back out again in September as if nothing happened is fanciful at best.
SwissChap
kl
No, it's not horseshit. Yes, the situation is very bad for current owners and organisers, but this doesn't mean that long-term, all of that stuff just disappears forever.