One of the less obvious effects of the referendum vote – and the resulting dip in the value of the pound – is the boost it’s given the UK leisure and hospitality sector. Research by Travel Weekly, the UK’s market-leading publication for the travel industry, has revealed that the number of people spending their annual summer break in the UK has gone up by 12% from 57% to 69%.

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The beginning of the year has seen a number of casualties in the retail and leisure sectors with numerous household names entering CVAs and, in the case of the retail giant Toys “R” Us, collapsing altogether. Various retailers and leisure operators are falling foul of an increasingly challenging and competitive marketplace but what are CVAs, why have there been so many, and how will landlords be affected by them?

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