https://www.bbc.co.uk/news/business-52772948

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Image caption Andrea Orsini's family has run M Bar for 40 years. Andrea Orsini's family has run M Bar in London's Leadenhall Market for 40 years. But after shutting up shop because of the lockdown, he says he can't afford his next rent bill. He pays £70,000 a year to his landlord. On top of that, he must also fund a service charge, business rates and a tables and chairs license. It all adds up to £125,000 which, as he puts it, is a lot of tea and coffee. Round the corner, Patrick Dudley Williams, who runs the clothing brand Reef Knots, is in a similar position. He said it would not be sustainable to borrow money to fund rent for his shop, which is currently closed and in a part of the city... Full story

23 May

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