The UK Prime minister last night addressed his country and informed them that they are now in the expected second wave of the global pandemic caused by Covid-19 and that new restrictions will be brought in to combat the virus spreading further and continuing to affect the economy. Today we assess the industries which will be worst hit by these new restrictions.
The main industry in which Boris Johnson highlighted as an area that needs to be targeted to stop the spread of the virus is the hospitality trade. Pubs and restaurants will now have to have to close at 10pm to combat the spread. With hospitality being quite easily the worst affected sector by the virus, these new restrictions further add to their complications to their business, experts expect many pubs to close down forever. Delving further into this, nightclubs are one of the only industries in which haven?t been open since March and now with the 10pm curfew being introduced, we expect many nightclubs to also cave in.
One industry that hasn?t been affected by the Covid-19 pandemic is that of the gambling industry and especially the online bookies such as this American Bookie. Both overseas and across Europe are seeing the same trends. Due to the gambling industry being a mainly remote service with many gambling from the comfort of their own homes on mobiles and laptops, more have been inclined to log onto gambling markets due to spending more time at home and on online services such as these bookies.
The next industry that will continue to be affected by the 2nd wave and new restrictions is that of the travel industry ? one that has also been affected just as bad as the hospitality industry. With the end of the furlough scheme in sight, many travel companies now fear that their will be further collapse to their industry. Industry bosses have further breached their concerns towards the furlough scheme coming to an end and that ?minimal? has been done to help their industry ? many experts expect the Coronavirus to affect the airline industry for years to come.
