Economic Growth
Reporting focuses on how wider economic trends influence the UK hospitality and foodservice sector, including shifts in GDP, consumer confidence, business investment, inflation, and labour market conditions. Coverage offers analysis to help restaurant groups, pub operators, and caterers understand macroeconomic forces shaping demand, expansion plans, and long-term strategy.
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Nov- 2020 -26 NovemberNews
UKH calls for increased government support
UKHospitality has called for increased government support, reiterating that hospitality jobs can “catalyse” the UK’s economic recovery, and avoid a further rise in unemployment. Commenting on the spending review announcement, Kate Nicholls, chief executive for UKHospitality, said hospitality jobs are at the “core of the grave unemployment” that is forecasted…
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12 NovemberCoronavirus
Hospitality figures pen letter calling for EIS amendment
Hospitality figures backed by the UK hospitality trade bodies have written an open letter to Rishi Sunak calling for an amendment to the current EIS and SEIS to “boost private investment in the sector and provide an alternative to government loans”. The proposals from Alan Lorrimer, founder of The Piano…
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Aug- 2020 -24 AugustCoronavirus
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
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May- 2020 -4 MayCoronavirus
Government launches new Bounce Back loans
Thousands of small firms and sole traders will be eligible for 100% government-backed Bounce Back Loans to help them make it through the coronavirus outbreak. From today (4 May), small business owners can apply to accredited lenders by filling out a simple online form, with only seven questions. The government…
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Mar- 2020 -3 MarchBusiness Bites
Coronavirus is stepping up a gear – this could be serious
When I started this column back in December I did not anticipate a single subject would dominate it so much, but as I wrote last week it would be silly not to address the latest coronavirus circumstances given that each new development so far has had a profound impact on…
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Jan- 2020 -29 JanuaryBusiness Bites
British Airways gets flighty and Starbucks smells the coffee over coronavirus
The business response to the coronavirus situation, which appears to be developing into a serious crisis, continues apace today. British Airways today announced that it was suspending all flights between the UK and Wuhan, the Chinese city where the virus originally broke out. In a statement it said: “We have…
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17 JanuaryBusiness Bites
The trillion-dollar club has gained Google as a member
Remember at school when teachers used to explain how one million was an essentially incomprehensibly large number? I recall one of mine showing the number represented on a huge rolled out piece of paper as wide and long as a carpet, with precisely one million individual dots. I was about…
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Dec- 2019 -12 DecemberBusiness Bites
Businesses are sitting on £115bn and waiting to splurge
Goldman Sachs thinks money will pour into UK stocks and shares after this election, but it’s at least partly because they suspect a Tory victory. Regardless of which side of the Brexit divide you are on, there is one thing that’s for certain: business has been extremely cautious about the…
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Nov- 2019 -20 NovemberTrade Associations
UKHospitality launches new manifesto supporting UK’s hospitality sector
UKHospitality has published its new manifesto which outlines its desires of change from the incoming Government and the new Parliament in support of the UK’s hospitality sector. The document, Menu for Change, outlines “opportunities” for the incoming Government to support, and work collaboratively with, a sector that employs 3.2 million…
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Oct- 2019 -1 OctoberBusiness
Consumer spending on restaurants slumps in Q2 2019
Consumer spending on restaurants and hotels has decreased by 0.7% in Q2 2019, according to a new report from the ONS. Its Consumer Trends report for the second quarter has revealed the figures to be the biggest negative contributor to economic growth in the UK. In Q1 and Q2 combined,…
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