Ancoat’s restaurant ‘can’t afford to make chips’ as energy bills rise by £ 900 a month

The owner of a popular restaurant in Ancoats has spoken of the dramatic rise in energy prices after accounting for an increase of £ 900 a month.

Hip Hop Chip Shop tweeted yesterday that it was facing a big jump in the cost of corporate energy prices.

The Blossom Street company said on Twitter that it will not even be able to afford to make chips with such a sudden increase in cost.

Read more: Hip Hop Chip Shop, Ancoats – restaurant review

The price of wholesale energy has risen to record highs across the globe in recent months, and although households are protected by a price cap, there is no shelter for businesses as things are at the moment.

That means business owners like Jonathan ‘Ozzie’ Oswald, the man behind the Hip Hop Chip Shop, are being hit with massive bills that he says will prove to be ‘completely unsustainable’.

Based on his current offer, his cost of electricity will almost double every month, and he assumes that it will cause many people – already filled with debt from the pandemic – to ‘tighten under the pressure’.

Ozzie spoke to the MEN and said: “To gain 900 pounds in a month is just completely unsustainable – even 900 pounds per. year would be bad.

“We need electricity, everything we have in the bar and restaurant is electric, so we have to keep it going – but that means we have to serve an extra 100 -odd meals just to cover the bill.

“The energy fluctuates, I understand that, but because it fluctuated like that, I honestly thought it was a mistake.

“I could not, given these terms, sign the dotted line of the contract to say yes, because it is completely ridiculous.

“I expected the bill to be a little more, but I expected it would be a few hundred dollars more, and even then it would have been a hard pill to swallow.

“Many companies have taken out more debt, more loans, just to try to survive.

“A lot of people will tense up under the pressure now, and that’s going to be a domino effect.”

Hip Hop Chip Shop, which spent years on the street food lane before opening a restaurant in Ancoats in 2018, donates meals to local food banks and charities.

When I talk to Ozzie, he’s just getting back from delivering food at a food bank in Salford.

“We’ve always tried to have a Robin Hood approach to running a business,” he said.

“We try to offer as many helping hands to people as possible.

“Everyone’s fortune has fallen – Universal Credit is being cut, but prices are rising. Soon people will not be able to afford things.

“More and more people are coming to those food banks because they can not afford things, which puts more pressure on people to volunteer and help – it feels like everything is starting to crumble.

“Governments are talking about there being no magic money tree, but it is clearly there, and when it comes to the health of society, it should not be a political tool to use.

“VAT is rising, business rates are returning, the deadline is over.

“The price of everything is rising – packaging, food, fuel – and there comes a point where companies can not continue.

“And that means all the debt we have as a business is floating around and we physically will not be able to repay them.

“I’m a pretty solution-driven person, and I will always try to look at the positive, but there are not that many olive branches to tackle at the moment from an economic perspective.”

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