Thousands of UK restaurants could go bust, accountancy firm warns

Higher cost of importing food and wine – due to weaker sterling – and rising wage bills could hit over 5,000 companies
Thousands of restaurant businesses in Britain could go bust because the fall in sterling since the Brexit vote has sharply raised the cost of imported food and wine, an accountancy firm has warned.Moore Stephens says that 5,570 restaurant businesses have at least a 30% chance of insolvency in the next three years, due to inflationary pressures and stagnating disposab