Business

The Government has opened a call for evidence on proposed reforms to England’s licensing system, following recommendations from the Licensing Taskforce. Trade body UKHospitality, which sat on the taskforce, said the changes could help modernise the system and support growth but cautioned that further action is needed to tackle rising…

The Bank of England (BoE) has voted to hold interest rates steady at 4% amid concerns around the recent rise in inflation. At a meeting this week, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain the rate, as two members voted to reduce it by…

Cinnabon is set to disappear from the UK high street after operator EG On The Move confirmed it will shut all remaining sites as part of a business restructure. The firm, which partnered with the US bakery brand in 2020, said the closures reflect a decision to concentrate on its…

London’s hospitality and tourism businesses could lose up to £110m because of this week’s tube strike, according to industry body UKHospitality. Kate Nicholls, chair of UKHospitality, said consumer cancellations and travel disruption for staff would add further pressure to a sector already under strain. It comes as most London Underground…

Hospitality has accounted for more than half of all job losses in the UK since the Budget last October, according to new analysis by trade body UKHospitality. Of the 164,641 jobs lost nationwide since the Budget, 88,964 were in hospitality. The figures, based on data from the Office for National…

The hospitality sector is 14.2% smaller in August 2025 than it was in March 2020 before the first covid lockdown, according to data from CGA and Alix Partners. It comes as the sector has seen 62 net closures per month, or two a day since the beginning of the year.…

The sharp drop in hospitality job vacancies this summer has prompted warnings from UKHospitality that the “great British summer job” may be under threat. Allen Simpson, chief executive of UKH, blamed rising costs for “less employment, less opportunity and less growth in the economy”.  Simpson said: “Unless the government acts,…

HM Revenue and Customs (HMRC) has identified 98 restaurants and takeaways for underpaying taxes, as part of an enforcement campaign that recouped £10.4m in unpaid tax and imposed £9.2m in penalties. The businesses, which were rounded up in a single day, include A La Turka in Grimsby, which owes £492k;…

Hospitality has been the hardest hit sector of the economy since the Budget, accounting for nearly half (45%) of all job losses, according to data from the Office for National Statistics. The data shows that hospitality has now lost 84,000 jobs since the budget, an increase of 13,000 job losses…

The Inn Collection Group has been recognised as one of the UK’s 10 best managed private businesses in the inaugural UK Best Managed Companies awards. The programme, run by Deloitte Private, highlights high-performing privately owned businesses and family enterprises. Independent judges assessed entrants on strategy, culture and commitment, capabilities and…