UK Restaurants, Set to Go Under
The credit crunch / economic turmoil hitting the US is also affecting the dining scene in the UK. Witness: Michelin-starred Tom Aikens' two restaurants went under, screwing their suppliers out of money owed. Jay Rayner, writing in the Guardian UK, fears for the UK's restaurant industry:
There is a new smell emanating from the heart of British gastronomy. Have a sniff. It's the smell of fear....
Let me be brutal. A serious number of restaurants are going to go to the wall over the next few months. Many will struggle on until Christmas, hoping to get an injection of cash from the party season, and then die when the cold, dark months of January and February arrive.