London's restaurant industry faces severe financial challenges

London's restaurant industry faces significant challenges as new tax changes take effect on April 6. The employer National Insurance rate will rise from 13.8% to 15%, and the earnings threshold will drop from £9,100 to £5,000, increasing costs for many businesses. Several restaurants have already closed, including The Petersham and La Dame de Pic, as operators struggle with rising costs and declining customer spending. Industry estimates suggest the tax changes could cost London restaurants nearly £300 million. Restaurateurs are exploring cost-cutting measures, such as negotiating with suppliers and adjusting menu prices. Some fear these changes may lead to higher unemployment and further closures in the sector.