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More than 10,000 jobs lost in Britain’s restaurant sector this year

PUBLISHED: 09:28 31 December 2018 | UPDATED: 09:33 01 January 2019

The old Prezzo restaurant on Thorpe Road. Picture: Bethany Whymark

The old Prezzo restaurant on Thorpe Road. Picture: Bethany Whymark

Archant

More than 10,400 people have lost their jobs in Britain’s restaurant industry this year.

The old Prezzo restaurant on Thorpe Road. Photo: GoogleThe old Prezzo restaurant on Thorpe Road. Photo: Google

On average, 30 people a day saw their jobs axed as the dining sector struggled through one of its most difficult years in recent history.

And Norfolk has not escaped the cull, with major chains closing their doors in Norwich’s city centre.

That includes the likes of Italian chains Carluccio’s and Prezzo, with other names like Gourmet Burger Kitchen beginning an insolvency procedure in October this year, with 17 potential site closures to come.

The independent sector has suffered just as many casualties - with favourites such as Woolf & Bird and the E Street Smokehouse closing early this year.

More than 10,400 people have lost their jobs in Britains restaurant industry this year.More than 10,400 people have lost their jobs in Britains restaurant industry this year.

According to the Centre for Retail Research, a total of 10,413 workers lost their jobs across the country this year.

Restaurants have been battling stagnating sales, overcapacity and rising costs.

Costs have increased for restaurants, with a rise in the minimum wage and a fall in the value of the pound since the referendum on Britain’s membership of the European Union driving food prices higher.

Meanwhile, uncertainty over Brexit has hit consumer confidence.

Professor Joshua Bamfield, director of the Centre of Retail Research. Picture: Joshua BamfieldProfessor Joshua Bamfield, director of the Centre of Retail Research. Picture: Joshua Bamfield

Competition has also increased with a raft of new chains backed by private equity firms having opened across the UK.

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