The industry body warned that the sector is on a countdown to a "devastating rent tipping-point that will trigger a new year bloodbath of hospitality business failures and potentially hundreds of thousands more jobs lost".
CGA’s research and insight director, Charlie Mitchell, said: “Suffocating restrictions across Britain will devastate trading in what should be businesses’ busiest time of the year.
"Leaders’ optimism is at least rising from the rock bottom level of our last survey, and news of a vaccine is a reason for cautious hope of recovery in 2021. However, this week’s Tier 2 restrictions in England and strict new limits in Wales could be fatal for smaller business in particular, making the case for more relaxed trading conditions and better government support even more urgent."
