Latest Business News
As rent day looms
A shift back to working from home and orders to close pubs & restaurants by 22.00 will not help refill the coffers of landlords set to miss out on 4.5 billion pounds in rent between mid March and the end of the year.
“The restrictions imposed this week represent a step back in economic recovery and will negatively affect businesses in most sectors. While we feel the restrictions are fairly minor, we do think they will cause a reduction in the amount of rent we are able to collect,” says Mark Jarrett, head of property at Colliers International.
With the government yet to set out how landlords and commercial tenants should share the pain of lost income while socialising and shopping are cut back, the two sides are still slugging it out.
