The night-time economy is “on the brink of collapse” with more than 700,000 jobs at risk — and the end of the furlough scheme could be “the final blow”, an industry body has warned.
A survey of Night-Time Industries Association (NTIA) members found 71 per cent of businesses are set to make “more than half” of their workforce redundant “in a matter of weeks”.
The Job Retention Scheme, which has seen the Government pay 80 per cent of wages for more than 10 million furloughed employees during the Covid-19 pandemic, is set to end on October 31.
Indoor performances at music venues have been allowed since August 15, although many venues such as nightclubs remain shut due to physical and financial issues surrounding social distancing.
The NTIA warning comes after the latest figures from the Office of National Statistics reported a drop in employment of