This afternoon, 100s of the nation’s retailers have signed a letter to the Chancellor to persuade the Government and others to introduce a new package of temporary measures to help high street businesses survive the already severe economic impact of Covid-19 as it moves to its most serious stage.
The New West End Company, is one of those leading on this, and Jace Tyrrell is the man overseeing the West End, which has seen a 50% fall in footfall according to its latest figures.
Tyrrell, chief executive of New West End Company, which represents 600 retailers and businesses across London’s West End, commented: “In London’s West End, we have seen a 50% decline in visitors, a figure that is growing daily. West End businesses are set to lose over £1 billion and tens of thousands of jobs are now at risk. It is time for our Government to rise up to its responsibilities and protect retail and leisure jobs not only in London, but across the country. Across the Channel, President Macron and Chancellor Angela Merkel have already stated that no business regardless of size will be allowed to fail, and we call on the UK Government to act now to reassure the retail & leisure sector with practical measures to address the current economic emergency. This should include an immediate extension of rates relief to all businesses.”