Restaurants seek €1.8bn bailout amid threat of 50% closures – The Irish Times

The Restaurant Association of Ireland is seeking a package of supports totalling €1.8 billion, amid claims that one in every two businesses in the industry faces closure as a result of damage caused by the coronavirus crisis.

The lobby group is looking for the State’s subsidised wages scheme, which has supported the income of almost 500,000 workers across the entire economy in recent months, to be extended beyond the current scheduled expiry in August.

A report written for the industry group by economist Jim Power argues that restaurants, which are preparing to reopen their doors on June 29th following a lockdown of more than three months, will take up to two years to return to the level of business they were doing before the pandemic hit. It wants financial support to meet labour costs to continue for that time on a “gradually reducing basis”.

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The representative body is also

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