London might be open, but one pub or restaurants closes for good every two days.
Source: CGA & AlixPartners, March 2023
Among London businesses struggling is Spice Box, which started seven years ago as a street food stall before its owner, Grace Regan, opened two restaurants in east London. Grace Regan said her customers tell her they're visiting less "because of the cost of living - they have had less money to spend on eating out"
He says he has "sleepless nights worrying" - partly because the amount business spends on oil, meat and other produce is up 25-30% and wage bills are higher; as are rents.'Never known a harder time'
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