When the owner of Petersham Nurseries was forced to close two London restaurants and a deli in February, the chain blamed several factors, from rising costs to Brexit, but also Rachel Reeves’ November budget.
Petersham (UK) Limited, which is owned by the Boglione family behind the Petersham Nurseries garden centre in Richmond, will not be alone in feeling the pinch from the UK chancellor’s move to increase the minimum wage and employers’ national insurance contributions from April.
In Europe and elsewhere there are fears of an uptick in corporate distress. And with a trade war looming and economic conditions faltering, many restructuring specialists expect a wave of work as companies struggle with further financial…
