Prezzo restaurants will undergo a major revamp in the next few years after dozens of its sites were closed in a restructuring programme.
The high street restaurant chain announced the closure of 46 loss-making restaurants – more than a third of its sites – last year after it struggled with soaring energy and food costs.
The move put hundreds of workers at risk of redundancy.
Earlier this year, Prezzo bosses said the company had returned to profitability after the business restructure.
It is now planning to invest in restaurant refurbishments across the rest of this year, and in 2025 and 2026.
Chief executive Dean Challenger has said the outlook for the restaurant group is “positive”.
Winter fuel allowance – is there an alternative?
Around 10 million people in England and Wales will not receive winter fuel payments this winter.
Under Chancellor Rachel Reeves’ plan, only those who receive pension credit or other means-tested benefits will still get the £200-£300 towards the cost of their energy bills.
Critics, including Labour MPs, have said the payments will put even more pressure on elderly people as the cap on energy prices rises again in October.
On today’s episode of the Daily podcast, host Liz Bates gets a breakdown of Labour’s plan from our political correspondent Serena Barker-Singh and hears from one of its critics, Labour back-bencher Rachael Maskell.
Plus, could there be an alternative that could keep everyone happy? We hear from the Social Market Foundation’s Sam Robinson about its proposal for an alternative to the winter fuel allowance.
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