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Is Rachel Reeves pricing out fine dining?

17 November 2025
in Business
Reading Time: 5 mins read
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Is Rachel Reeves pricing out fine dining?
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When I first started taking clients out for dinner, you could sit under the copper dome of Le Gavroche, order a bottle of claret you’d never dare drink at home, and—after a couple of courses, a soufflé, and a few discreet nods from the maître d’—leave only mildly lighter in wallet and spirit.

Today, on the same site, you can do much the same thing at Matt Abé’s new venture Bonheur. Only now, the bill for two will come in at £250 before you’ve even blinked at the digestif list.

I’m not one for false nostalgia—restaurants must evolve, chefs must be paid, and if anyone’s earned the right to resurrect a Mayfair temple of gastronomy it’s Abé. But there’s a creeping sense that fine dining has priced itself into absurdity. And for once, it’s not just about greedy restaurateurs; it’s about the country we’ve built around them.

Energy bills have soared. Not just yours or mine, but those of restaurants that rely on gas ranges, endless refrigeration, and enough light to flatter every banker’s jowls. Add to that the cost of labour in an industry already haemorrhaging staff post-Brexit, and suddenly that tasting menu looks less like an indulgence and more like a desperate act of financial survival.

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