Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Keep on dining out, UK minister urges as popular cut-price offer ends

Published 31/08/2020, 00:11
Updated 31/08/2020, 00:15
© Reuters. FILE PHOTO: The outbreak of the coronavirus disease (COVID-19), in London

LONDON (Reuters) - British finance minister Rishi Sunak urged diners on Monday to keep going out to eat as a popular government scheme offering half-price food in restaurants this month drew to a close.

The "Eat out to Help Out" initiative was designed to boost a hospitality sector that has been especially hard hit by the coronavirus pandemic. It offered 50% off the price of meals on the first three days of the week at participating restaurants, up to a maximum of 10 pounds ($13) - with the government making up the difference.

So popular has it been that more than 64 million meals had been eaten under the scheme up to Aug. 27, according to the Open Table online booking website.

"The scheme reminded us why we as a nation love dining out and I urge diners to maintain the momentum to help continue our economic recovery," Sunak said in a statement.

"I want to say thank you to the diners who have fallen back in love with their local, to the managers who have spent weeks ensuring their restaurants were safe and to the chefs, waiters and waitresses across the country who have worked tirelessly, sometimes with more customers than they’ve ever had before – all helping to protect 1.8 million jobs in the hospitality sector."

Open Table figures showed the average number of seated diners between Monday and Wednesday this month was up 95% on last year.

Prime Minister Boris Johnson imposed a national lockdown in March and the Treasury said on Monday around 80% of hospitality firms stopped trading in April, with 1.4 million workers furloughed, the highest of any sector.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Several restaurant chains have already said they will continue offering the discount in September.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.