Everyone knows that rent costs in London are out of control, but it doesn't just apply to your crappy houseshare or 'cosy' two-bed flat. The Truscott Arms pub in Maida Vale has closed its doors because of a huge increase in rent. A statement from the owners said that the rent has risen from £75,000 per year to £250,000. The rent hike comes with an additional back-dated rent of £330,000, which the owners said makes their business 'untenable'.
The pub won the award for the Best British Roast Dinner in the UK in 2014 (and British Roast Dinner Week), but if you didn't have a chance to sample their award-winning grub, don't panic. The owners, Andrew and Mary Jane Fishwick, said: 'We are exploring new projects and new sites and we will continue to work hard to promote this important industry and care about the issues faced, so that British public houses are protected'.
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