London’s late night economy is in “severe jeopardy” with widespread closures likely following the extra burden of costs imposed by the Budget, an industry body warned today.
The Night Time Industries Association (NTIA) said that its survey of more than 500 member bars, clubs and pubs found that almost 90% will suffer a downturn in profits as a result of Budget measures and 40% say they could close within the next six months.
