UK Restaurants Face Crisis: 2,759 Closures Last Year

Britains restaurant industry is on the brink, with a record number of closures last year and predictions of even more this year. High taxes and increased minimum wage are straining owners and customers alike. The sector is now the most taxed in the UK, with over 75% of profits going to taxes. Youth unemployment is rising, as hospitality is a major employer. Europes lower VAT rates are seen as a solution to save jobs and boost demand. Supporting local restaurants is crucial to keep the industry alive.

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