The owner of the restaurant has blamed the last two Labour Budgets following its immediate closure last week.
Rachel Reeves’ last two budgets have been damaging to the hospitality sector (Image: Getty)
The owner of a top UK restaurant has blamed the Labour Party for its closure. They said Chancellor Rachel Reeves will “never be forgiven” for her last two budgets, which have seen the increase of employer National Insurance Contributions (NICs) and the minimum wage.
Covino, a Michelin-recommended restuarant in Chester, announced its immediate closure last Friday (May 8). The restaurant opened in 2016 and was known for its French-inspired small plates and wines. Owner Christopher Laidler confirmed the closure on Instagram, explaining the business was no longer viable following the last two Labour Budgets. However, Mr Laidler did thank his customers, staff and suppliers for their support over the years.
He said: “We’d have celebrated our 10th anniversary this December, but it simply wasn’t to be. For the avoidance of doubt, Covino’s ‘cause of death’ can be attributed to the last two Labour budgets. In trying to do the right thing they’ve gone after completely the wrong people, something I’ll never forget or forgive them for.
“On a more positive note, I’ve made some exceptional relationships over the last decade with guests, staff and suppliers who I now consider great friends. Thank you to everyone who has supported us throughout this journey. Your custom really did go towards things like my children’s football boots, something big business can’t tell you, so keep supporting your local independents!”
He added: “I’m going to spend some time licking my wounds, filing for bankruptcy, and most importantly, catching up on lost time with my family – who have come second to the restaurants far too often over the last 10 years. I’ll see you all again soon once I’ve figured out what’s next. Best of luck to everyone who’s battling their way through these testing times.”
Covino closed last Friday (May 8) (Image: Google Maps Street View)
The last two Labour Budgets, in October 2024 and late 2025, have put increasing pressure on the hospitality sector. A number of venues have been forced to close, resulting in high levels of job losses.
It is estimatyed that around 100,000 jobs have been lost in the sector since October 2024. Meanwhile, employment dopped a further 9,000 last December alone.
In 2024, Rachel Reeves raised NICs from 13.8% to 15% and reduced the threshold at which they are paid. Meanwhile, the minimum wage was also increased which put further pressure on businesses.
Covino has shut after 10 years of business (Image: covino)
‘Covino never disappoints’
Covino has a number of glowing reviews on Tripadvisor. Many visitors noted the outstanding food, friendly service and lively atmosphere in the restaurant.
Kerry M said: “Covino never disappoints. It’s a small, lively, busy restaurant with a great atmosphere and genuinely warm, fun staff who make you feel instantly at home. The food is outstanding. Even the sourdough and butter set the tone, and the Comté gougères were everything you want them to be; light, fluffy, beautifully cheesy and perfectly judged.
Claire A put: “Small, relaxed place with French influence. Great wine. Food was amazing. Loved the beef tartare especially! Would love to come back.”
John I wrote: “A really delightful place, intimate and relaxed with superb and very decently priced food prepared in the room by the guest chef. The cellar is high quality and it all made for a superb evening for us.”