Tommy Tainant
Diamond Member
Prezzo set to close 100 restaurants
Prezzo is all right, we have one locally.
Another Brexit dividend. At least we will have blue passports.
Analysts have said fears over the strength of the UK economy have meant consumers have cut back on discretionary spending.
Last year, consumer spending fell for the first time since 2012, according to payments processor Visa.
Wages have also been rising at a slower pace than inflation, leaving consumers worse off.
The restaurant sector has also faced higher costs for the ingredients it buys overseas due to the drop in the pound since the UK voted to leave the European Union.
Prezzo is all right, we have one locally.
Another Brexit dividend. At least we will have blue passports.
Analysts have said fears over the strength of the UK economy have meant consumers have cut back on discretionary spending.
Last year, consumer spending fell for the first time since 2012, according to payments processor Visa.
Wages have also been rising at a slower pace than inflation, leaving consumers worse off.
The restaurant sector has also faced higher costs for the ingredients it buys overseas due to the drop in the pound since the UK voted to leave the European Union.