so I want to show you a next slide, which is is another really important indication.
And this is how people feel about returning to these venues.
Is this something they would rather do?
But more than before, lock down or less than locked down.
And again, this might not be a surprise, but it's a great thing to kind of just for fact.
Check what's going on here.
First of all, we see people that would want to go to restaurants, you know, before co vid um, you know, they're saying I wanna go mawr than before Cove in 5% of the people, 55% of the people saying they wanna go less after this.
So a lot of people are very hesitant to go out to these venues like restaurants, same toe, large events, even higher percentage are frightened.
55% don't want to go out to see large events, non essential shops again for the things that you don't have to go get still.
Ah, high level of fear.
45% of the people, um would would would rather not go to the shops compared to before, and we see it Sports facilities, visiting families and friends using public transport.
Look at that.
Almost 60% of the people are scared to use public transport.
Another massive problem, which what I want to talk about in the second point here and then finally visiting the cultural centers.
I'll spin around here again.
I took my son to the Science Museum this this Sunday.
There's just no one there, and no one's visiting these cultural centers, which means again, no employment there.
They're not actually used Thio or they're not prepared for what potentially happens if we have tourists.
So again, MAWR indications with Riel data that people are super hesitant to go there, and that's because the campaign of fear really was overdone.
And I want to get to this point a little bit more.
Let me show you one more graph that I think is really relevant here, and this talks about the rates of growth by quarter off various countries from around the world, and I think it's really important to put this in perspective and compare the U K toe other G seven countries.
So again, here you have the U.
And just to give you an idea.
The blue is the first quarter, which was basically kind of pre cove It okay, the last bit of it.
There was a bit of ah concern and lock down.
The red is the second quarter.
And of course, the green is the combination of to the half.
So, as you would expect with most major economies and I've got the u K France, Germany, Spain, use A and we put in China as well.
You know, pre covert or is it starts happening.
We saw kind of a small, you know, drop in some of the growth here.
But of course, in the second quarter, we saw massive drops.
And again, you see the UK really topping out the chart almost at a 20% drop.
Uh, in the GDP in the second quarter.
I mean, that's massive.
We saw a little bit less so in France, a little bit less so in Germany, Spain a little bit less, but still the same theme.
Us hasn't dropped as much.
And you see, with with with China, they almost recovered in the second quarter because they were managed to squash that in the very beginning to where they really didn't have that knock on, so it shows that it didn't happen everywhere around the globe.
But the most important thing I want you to look at here is the fact that Germany is now only experiencing in the second quarter, say, just above a 10% drop in GDP, whereas the UK is a 20%.
Some of these countries, like Germany and France, are finding ways to get back to growth.
They're finding ways to get people back to work and what they're doing better than we're doing is they're getting people back into the cities and back into the offices because this is the key to economic growth.
And I think there was a study we saw recently that said two thirds of the workers have returned to the offices in the cities of Germany, whereas in London it's more like a third or less.
And I think this is one of the biggest problems that we're having here and it's going toe and it's going to have massive effects and the problem with graphs like this is that some of these businesses are dying.
These small and medium sized businesses are going bankrupt, and they will never return again.
And if you walk around London or walk around the cities around, you see these boarded up stores.
Those stores are not coming back.
They're not taking a break because they don't have the capital reserves toe wait it out.
And so we're seeing so much innovation, so much capital being destroyed.
And let's be clear, it's 99% off the London economy, and the employment in London is from small and medium sized businesses.
It's that high.
And for us to not realize that it's really important the multinational companies, the ones on the S and P 500 index in the Footsie 100 they might survive.
But that's not the lifeblood of our city.
And that's not where most of our employment comes from.
And I actually went out in the field yesterday and have a conversation with a gentleman I know named James Dawson, who owns something called the Humble Grape.
He set this company up about 10 years ago because he loved wine, and it ended up turning from a wine tasting event company into actually a wine bar business with five locations around the city from places like Canary Warf, where financial district is, um, to places like Battersea and Paste places like clap, um, where there's actual some real economic activity and so actually went out and spoke to James at his wine bar.
And I talked a little bit about how we can get Londoners back toe work.
And here's a short piece of my conversation with him.
Yeah, I mean, I think the staff that I saw was 42% of the income in London comes from the Workers of London, and a lot of them are here, and these businesses are dying, and that's something nobody talks about.
Is the irreparable economic damage being done?
You know, we were talking earlier every single day.
This goes on, businesses are going out of business forever.
They're never going to come back.
And these are these big holes in the economy that are gonna affect everybody.
Andi, When when the business isn't there, then all the ancillary people they employ aren't there.
This is something that just doesn't seem to be very well thought out.
And our leadership isn't saying, Hey, let's get this city bustling again.
It all seems to be the latest fear monger.
And I understand we need Thio.
Trust the science and be safe.
But also, you know, economic damages really significant.
And you're feeling this to you were feeling that something we used to.
We used to be open here Monday to Friday breakfast, lunch and dinner.
And now we opened Wednesday, Thursday and Friday evening only.
Our revenue is 80% less than it was pretty code.
It's a big building and has a lot of stuff.
We were on four staff.
Now we want 16 Reform, and sometimes we go up to 20 Christmas done way.
Mustn't forget that one of the things that's really exciting and interesting about land in the UK is that huge, huge amount of employment is by small businesses.
You know, between zero and 50 employees.
It's a huge chunk, and those businesses are not able.
Thio, you know, survive 6 12 months with, like massively, with these cash flows, Um, they are the engine of growth in the UK, and we need to find ways to help them and encourage people back to work, encourage people to be spending and to come back.
And so again, like I think it's really important to get out and actually speak with the entrepreneurs out there and get their thoughts.
And I had a really long conversation with James.
I put it on YouTube yesterday, about 20 minutes long.
We talked about everything from furlough to government regulations to ideas about actually getting workers back into the city.
And that's what's really important.
I'm getting some great questions from everyone out here.
Ah, lot of people are saying there's Mayada on Instagram, saying the government wants to make life for small business owners as hard as possible.
You know, all I know is that it is having that effect, You know, The problem is is that the small and medium sized business owners who don't have a lot of capital who don't have the reserves who don't have access to the public equity markets are really getting squeezed now and we forget how much they are the lifeblood of the city, and it's important to really look out for them because they're the ones that employ the people, um that that are our friends and family, and so it's really crucial here.
Also, somebody said it's time to start holding our governments more accountable, and that's true.
You know, I was really slow to start talking about this because we're usually broadcasting.
The message is that we like to put out to you to really get you to change your lives.
But it's time to really talk about how to get London back toe work.
And then that's what I want to talk about now.
And so you know, one of the things that I think that we need to talk about, the real problems here.
Is there three things?
The first problem is is that the government overdid the campaign of fear, and it was a disproportionate response.
We scared everyone so much that now you can't get people back to work back in the city back to using public transportation back into the schools.
And so what I really want is I want to introduce science based decision making back into the process, and that's the problem.
There isn't any science right now.
There's a horrible lack of leadership from our government.
There's a lack of communication and there's inconsistent messaging from our government.
We see it from the mayor of London.
We see it from other people as well.
We just don't see a consistent message here, and we don't see this science that's actually there, to tell us what we can and cannot do when it comes to our transport, when it comes to how we communicate when it comes to our business practices, and that's the biggest change that we need.