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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Feb- 2025 -10 FebruaryNews-In-Brief
Today’s news in brief – 10/02/25
Red Engine has unveiled its 2025 global expansion plans as its Q4 sales rose 24% to £25.3m. The hospitality group behind Flight Club and Electric Shuffle saw its sales combined with its franchise partners reach £38.4m, spelling a rise of 23% year-on-year – with like-for-like sales increasing by 4%. Britain’s…
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10 FebruaryPubs and Bars
Hospitality challenges ‘far from over’ despite BoE rate cut
The decision to reduce the base rate on 6 February was an attempt to stimulate economic growth in a “stagnant” economic environment but the challenges facing the hospitality sector are far from over, Price Bailey has warned. According to recent research by the accountancy firm, 21% of pubs and bars,…
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4 FebruaryVenues & Properties
Boxpark granted Shoreditch lease extension until September 2025
Boxpark has announced that its original flagship Shoreditch location will remain open until the end of September 2025 following support from the landlords Ballymore and Hammerson, the local community and its key stakeholders including Greater London Authority (GLA) and London Boroughs of Hackney and Tower Hamlets. Since its opening in…
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Jan- 2025 -30 JanuaryTrade Associations
Growth plan must include foundation economy, UKH says
UKHospitality has urged the chancellor to bring forward a specific growth plan for hospitality, and other sectors in the foundation economy, that can deliver growth “swiftly”. While the trade body agreed that big infrastructure projects are much-needed, it also pointed out that their benefits won’t be realised “for years or…
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24 JanuaryAnalysis
How hospitality saved November and why it needs saving in April
The Office for National Statistics’ November 2024 GDP numbers highlight how important the hospitality industry is to the UK economy. It is evident that this industry continues to be a pillar of economic recovery, with the food and beverage subsector leading the economy in terms of performance, and hotels following…
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23 JanuaryPubs and Bars
The Revel Collective sees strong Christmas sales but warns of £4m Budget impact
The Revel Collective has reported “robust” festive trading but has warned that the changes announced in the annual Budget will have a £4m impact on its annual profit. For the weeks from 7 December 2024 to 3 January 2025, the group saw its group like-for-like sales increase by 1.6%. Prebooked…
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23 JanuaryFood and Drink
Foodservice price inflation under threat after November prices rise
While year-on-year inflation fell to 2%, the 17th consecutive period of decline, November brought a return to month-on-month inflation with a 0.3% increase in prices, the Foodservice Price Index (FPI) from Prestige Purchasing and CGA by NIQ revealed. This, combined with the potential impacts of the Autumn Budget, raises worries…
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21 JanuaryTrade Associations
A fifth of hospitality staff to enter new employer NICs threshold
More than 774,000 hospitality workers, representing a fifth of the industry’s workforce, are set to enter into the new employer NICs threshold for the first time, according to new analysis from UKH. The trade body warns that the changes to employer National Insurance Contributions will hit hospitality hardest due to…
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20 JanuaryTrade Associations
Scottish budget leaves thousands of venues worse off, UKH claims
UKHospitality Scotland has claimed that the latest Scottish budget will leave more than 2,500 hospitality businesses ineligible for support. The new measures in the budget will provide 40% business rates relief for venues with a rateable value up to £51,000. The trade organisation stated that combined with increases to the…
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16 JanuaryBusiness
Hospitality helps drive economic growth in November
Food and beverage was the highest performing sector of the economy in November, according to November GDP estimates released by the Office for National Statistics (ONS). The accommodation and food service activities subsector saw output rise by 2.0% in the month, following a fall of 1.2% in October 2024. Both…
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