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Evening Standard
Evening Standard
Business
David Ellis and Jonathan Prynn

Hospitality braced for bloodbath as Rachel Reeves’s tax timebomb finally explodes

It has already been a tough start to 2025 for London’s rightly celebrated restaurant scene, arguably the most vibrant and diverse in the world. But for how much longer?

Gloomy London diners have been reluctant to go out and spend big during these dark early months of the year — and there have been casualties. Last month The Petersham and La Goccia, the Covent Garden restaurants from the Petersham Nurseries owners, both closed their doors after six years.

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