Back in 2008, when the banking crisis hit, an employer I worked closely with had to close. They had over 100 years of trading, and it wasn't that their product was shite (far from it), it was their overheads. Power/fuel bills etc.A Michelin-starred restaurant in Dorset has been forced to close with "immediate effect" due to rising costs.
The Fontmell in Shaftesbury, which was listed in the 2022 Michelin guide, explained that supplier costs had increased to such a point that it was "no longer able to pass that cost" onto its customers.
In a message on the pub's Facebook page, the owner revealed that the pub's utilities alone have increased by £58,000 per year.
Unless someone/anyone in Government gets a grip on this then there will be loads more