Monday, December 20, 2004

British food culture

Possibly inspired by the numerous TV chefs, the number of new catering firms and hotels openings has risen by 50% on last year to almost 16,000 (Telegraph)

However this needs to be put into context. Whilst there are lots of catering start ups, there are also lots of closures. From an earlier Telegraph article: In 2003/4, in London, 112 restaurants closed, an increase of 70 per cent on the previous 12 months when 66 stopped trading, a record in itself. The rate of closures is also much more severe than the guide recorded in the recession of the early 1990s, when six per cent of the restaurants went bust compared with 10 per cent last year.
However, new restaurant openings have also reached record levels - 135 opened last year - 10 per cent higher than the previous 12 months.

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