Ranjit Mathrani, owner of renowned eateries including the Michelin-starred Veeraswamy, warns that UK high streets are at risk as America's fast food giants threaten smaller independent restaurants. Rising National Insurance contributions and minimum wage rates increase operational pressures on these establishments, which may struggle to remain viable. Mathrani believes diners will increasingly find it hard to access affordable sit-down dining options. He anticipates needing to cut staff due to these economic pressures and criticizes government policies that disadvantage smaller businesses reliant on part-time employees.
Mr. Mathrani believes diners may soon struggle to find sit-down restaurants offering freshly cooked food at affordable prices due to pressure on smaller venues.
The global fast food brands, with their ability to automate, will fare better under financial pressures, leaving smaller independent restaurants vulnerable to closure.
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