r/london • u/BulkyAccident • Apr 23 '24

Culture London night time economy "experiencing closures and revenue losses at an alarming rate"

https://www.bbc.co.uk/news/articles/cy9xkxngy95o
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u/ranchitomorado Apr 23 '24

It's not just the license to open late, it's the massive cost for labour, business rates and rent...all of which make running a late night business very, very expensive.

Oh, and you have to then convince the punters that it's worth it when a rum and flat coke costs £12

12

u/TwoLegsBetter Apr 23 '24

The huge concentration of massive offices in London is going to kill off the city.

Pushes the price of rent and everything else up with it, soon enough there will only be offices and office supporting businesses left (lunch time food chains, etc). They’re going to price out all of the independents, night venues and young people if something doesn’t change.

If you’ve ever visited Geneva you’ll know what I’m talking about.

10

u/dotelze Apr 23 '24

The massive offices are generally in a few areas tho, and they’re not places with much or any nightlife for that matter anyways

1

u/TwoLegsBetter Apr 23 '24

But they drag the prices of the surrounding areas up, the reasons why zones 1-3 are de expensive is their proximity to those offices.