As shops, bars, restaurants and cultural attractions reopened in the last few weeks, Central London has slowly begun to see visitors from across the city and country come back to its streets. This is a very welcome sight for all of us who have worked to support our businesses throughout the pandemic.
We hope that the summer will provide much-needed respite to all of the business owners who fought hard over consecutive lockdowns to keep their business afloat. However, we might not see an immediate return to the vibrant tourist-filled streets and shopping areas that London once enjoyed.
Counting the costs of the crisis
There are fewer shops, cafes and restaurants reopening, despite the furlough and business grant schemes that the Chancellor put in place. Retailers and hospitality owners, trying to plan for the future, are looking at their long-term fixed costs and they see high business rates returning much quicker than high footfall. For years, this