Number of Restaurants closing hits new high in the UK

The number of restaurants closing across Britain hit a new quarterly high at the end of 2023, with more than 500 closing.
There were 514 restaurants closing permanently across England, Scotland and Wales in the final quarter of last year, compared to 481 in Q2 2023, according to data obtained under the Freedom of Information Act by accountancy firm Price Bailey.
The research showed that 1,932 restaurants entered insolvency in 2023, equating to an average of more than five closures per day, up fr