economy
‘Restaurants won’t survive’: Michelin chef opens venues abroad to withstand UK taxes
Jason Atherton, who has restaurants in Dubai, St Moritz and now Tuscany, says it’s tough to stay afloat in UK hospitality industry
TL;DR
- Chef Jason Atherton is opening restaurants internationally to support his UK venues.
- He cites high taxes and a struggling UK hospitality sector as reasons for this strategy.
- Atherton believes restaurants cannot survive under current UK tax conditions.
- Business rates have increased, and the UK's VAT for hospitality is 20%, significantly higher than the European average.
- He is opening a new restaurant, Maria's, in Forte dei Marmi, Italy.