Why are so many restaurants closing down?

Market saturation and changing spending habits lead to record number of insolvencies

A Deliveroo driver in London
A Deliveroo driver in London
(Image credit: Dan Kitwood/Getty Images)

The number of restaurant insolvencies in Britain has reached a record high, with an average of four eating establishments folding a day.

A study by accountants Price Bailey showed there were 1,442 restaurant insolvencies in 2018, up 40% on the year before and double the number in 2010.

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