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UK high streets suffer from Omicron concerns; Davos summit postponed – as it happened

Rolling live coverage of business, economics and financial markets as stock markets dip in response to restrictions to prevent spread of new coronavirus variant

While the UK government is fielding a lot of questions about parties, the hospitality industry is trying to put the pressure on over the lack of them, given how the current lockdown-lite has affected their bookings.

The Guardian’s Joanna Partridge writes:

Pubs and restaurants have warned of plummeting sales and “decimated” bookings, as pressure increases on the government to offer urgent financial support to struggling hospitality businesses.

The weekend just passed should have been the busiest trading period of the Christmas season, but customers chose to stay away, said Nick Mackenzie, the chief executive of the pub and brewery chain Greene King, which runs 2,700 pubs, restaurants and hotels across the UK.

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