Home Business News Brits set to spend £210m on ‘super Saturday’ and hangover Sunday

Brits set to spend £210m on ‘super Saturday’ and hangover Sunday

by LLB staff reporter
29th Jun 20 12:05 pm

According to new research Britons are expected to spend a whopping £210m in pubs this coming weekend as the easing of the lockdown allows bars to reopen.

Fresh research by the Centre for Economics and Business Research (CEBR) says that a third of Brits are planning to hit the pubs this weekend.

Pub goers have spent over three months away from the bars and Prime Minister Boris Johnson’s easing will a huge economic boost.

There will be around 35% of adults planning to hit the bars during the first week with a “substantial proportion” to attend venues this weekend.

The think tank are expecting 6.5m trips to the pubs this weekend when pubs and bars can reopen on the 4 July, which is around 1.5m more drinkers than a normal weekend.

The research also showed that a majority of people across England still remain “cautious” returning back to pubs and bars.

The CEBR report added, “The longer-term outlook for the pub industry may not be so rosy, however.

“Many within the wider hospitality industry had warned that the need for two-metre social distancing rendered a majority of businesses unviable.

“Though the replacement of this rule with a new “one-metre plus” recommendation means that many more pubs will now be able to return to operation, it still represents a considerable restriction for others.”

The CEBR report estimates average profits will be around 46% of pre-crisis and spending will be up by 32% over the weekend.

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