Cost of Living
Coverage explores the impact of economic pressures on consumer spending, staff retention, and operational costs across the UK hospitality sector. We report on inflation, wage demands, energy prices, and discretionary income trends, analysing how restaurants, pubs, caterers, and other operators are adapting pricing, staffing, and promotional strategies in response to shifting demand and household budgets.
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Oct- 2022 -6 OctoberRestaurants
Burger & Lobster turnover surges 40%
Burger and Lobster has announced its turnover surged 40% in the financial year ending 2 January 2022 (FY22), growing from £16.3m to £22.8m year-on-year. The nine-strong London-based restaurant group recorded EBITDA of £1.8m and it hailed net assets of £2.5m for FY22 with positive funds balance. The group performed ahead…
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5 OctoberFeatures
Is the UK pub and bar market on track for £8bn growth in 2022?
“There’s a plethora of difficult situations for pubs at the moment; penetration is down and spending is relatively flat,” says Katie Prowse, senior insight manager at Lumina Intelligence. “Consumers are also limiting their out-of-home visits, which is having an impact on pubs, on top of cost increases.” Despite macroeconomic challenges…
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Sep- 2022 -20 SeptemberPubs and Bars
Number of hospitality company insolvencies up 59% in a year
The number of hospitality company insolvencies has risen by 59% over the past year amid spiralling cost pressures, according to figures from the Insolvency Service. The data found that 2,156 pubs, bars and restaurants went insolvent in the 12 months until the end of July, compared to 1,354 the year…
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14 SeptemberNews
Nottingham to scrap late-night levy to ease pressure on businesses
A levy on late night licensed premises in Nottingham is set to be revoked from 31 October in a bid to ease financial pressure on local businesses. Nottingham City Council said the economic situation for the hospitality industry has changed since the introduction of the Levy eight years ago, due…
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12 SeptemberApps & Technology
Just Eat launches employee benefits service in Ireland
Just Eat for Business has officially launched its employee benefits and food service for businesses, Just Eat Pay, in Ireland. As part of the launch, Just Eat has also announced the availability of the Just Eat Pay Card. The new debit card will work through the Just Eat website and…
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9 SeptemberRestaurants
KFC and UK Youth launch youth employability programme
KFC has partnered with youth charity, UK Youth, to pilot a new youth employability programme, Hatch, to support disadvantaged young people into long-term employment and build their work skills and confidence. Hatch is a seven module employability programme aimed at young people aged 16-24. Delivered in partnership with local youth…
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8 SeptemberBusiness
UKH calls for action as 1 in 5 businesses warn of collapse
UKHospitality has called on the government for increased support as a new survey has found that one in five hospitality businesses saying they will not survive the current crisis, while three in five operators admitted they are no longer profitable. The findings come from a recent survey of hospitality operators,…
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7 SeptemberFeatures
Pubs and the unsustainable rise in costs
It is estimated that seven in 10 pubs believe they will not survive the rising cost of living and increasing energy bills, according to the Morning Advertiser. A further 8% of pubs said they had an increase in utility costs of more than 500% and 65% had an increase of…
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2 SeptemberRestaurants
The Fulham Shore reports resilient trading despite disruption
The Fulham Shore has revealed its trading remains “resilient and running in line with management expectations” despite train disruption and the rise in the cost of living. As part of its recent AGM, the group said that during the current financial year ending March 2023, the group has opened nine…
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1 SeptemberFeatures
Are seasonal visa’s the answer to the hospitality staffing issue?
To try and raise awareness and tackle some of the issues that many hospitality bosses are facing, a petition was launched by Thiago Luz Togni, a general manager at Temper in Shoreditch, London, calling for the Government to create EU hospitality worker visas. It has reached over 15,000 signatures and…
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