It has been in the media that about 50 hospitality companies are closing per week at the moment. One comment we are hearing alot at the moment is, this will increase chef supply. Looking into this, we do not believe it will increase the supply that much. The establishments closing at the moment are small independent Restaurants, often chef owned. There is also coffee shops closing and office worker focused outlets. This will increase supply in this market however often not the skill set for Rosette Restaurants, Hotels, Fine dining etc.Most kitchens have Temp workers currently, the extra supply might be of relief chefs. The wave of redundancies might be lower due to kitchens currently short staffed. These chefs are looking to be a relief chef and often do not want to stay in the same kitchen. Long term Agency chefs often want to stay with the benefits of being a agency chef. IR35 rules mean you need them on payroll.Our view is that retention is still essential, to keep current chefs as it will be still hard to source a chef with the right skills.