UK restaurant insolvencies jump by more than 60% in year, data shows

Closures rise to 1,406 as worker shortages and cost of living crisis put more pressure on hospitality sector

The number of restaurants falling into insolvency has increased by more than 60% in the past year amid worker shortages and the cost of living crisis, which has forced customers to cut back on spending.

New data from the accountancy firm UHY Hacker Young showed that 1,406 restaurants in the UK closed their doors in the 12 months to May, up 64% on the previous year.