More pubs and bars call last orders as costs spiral and sales sink Insolvencies rose from 280 in 2021 to 512 last year, accountancy group UHY Hacker Young said. The Independent UK · Feb 13, 2023
Two-thirds of UK’s top restaurants in the red after Brexit, Covid and inflation Meanwhile £700m of support funds in business rates relief remains unpaid by local councils The Guardian - UK · Aug 7, 2022
1,400 restaurants close in a year thanks to cost of living and Brexit Closures in 2020/21 follow 856 restaurants shutting down the year before Wales Online · Jul 25, 2022
UK restaurant insolvencies jump by more than 60% in year, data shows Closures rise to 1,406 as worker shortages and cost of living crisis put more pressure on hospitality sector The Guardian - UK · Jul 24, 2022
Restaurants closing doors ‘due to crippling staff shortages and inflation’ Peter Kubik, of UHY Hacker Young, said restaurants are facing spiralling inflation, decreased consumer spending and a labour shortage. The Independent UK · Jul 24, 2022
Restaurant chains rack up losses of more than £800 million In six months inflation, energy prices and staffing costs have turned up heat on sector Evening Standard · Jun 13, 2022