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.
-
Dec- 2024 -24 DecemberGovernment
UKH calls on gov to rethink approach to NIC changes
UKHospitality has called on the government to “rethink its approach” to upcoming changes to National Insurance contributions, warning that proper consultation and engagement is needed before the changes are implemented next year. It comes as revised figures from the Office for National Statistics yesterday showed that the UK economy had…
Read More » -
20 DecemberNews-In-Brief
Today’s news in brief – 20/12/24
Drake and Morgan reported that turnover rose 5% to £45.5m for the year to 31 March. Alongside this, the company’s adjusted EBITDA rose to £4.4m, up from £4.1m the previous year. It comes as the company has stated that Christmas bookings are set to eclipse last year’s record across its…
Read More » -
20 DecemberTrade Associations
UKH disappointed in BoE decision to hold interest rates
UKHospitality has expressed disappointment in the Bank of England’s decision to hold interest rates at 4.75%, which came after a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three…
Read More » -
Oct- 2024 -28 OctoberPubs and Bars
54% of hospitality firms to cut jobs and investment if rates relief ends
More than half of pubs and hospitality businesses would cut jobs (54%) and cancel investment (51%) if bills quadrupled when business rates relief ends in April, according to a new joint survey conducted by the British Beer and Pub Association, British Institute of Innkeeping and UKHospitality. The report also highlighted…
Read More » -
16 OctoberBusiness
Hospitality business rates to hit £914m, UKH warns
September’s CPI inflation data will cause an additional £48m increase to business rates meaning the overall bill, set for April, will likely hit £914m, according to UKHospitality. As a result of this the trade body is calling on the chancellor to introduce a lower, permanent and universal multiplier for hospitality.…
Read More » -
Sep- 2024 -20 SeptemberFeatures
The implications of Edinburgh’s Visitor Levy Act
The Visitor Levy Act, which was passed by the Scottish Parliament in May 2024 and received Royal Assent shortly after in July, grants local councils the authority to implement a tax on overnight accommodation, commonly referred to as a “visitor levy” or “tourist tax”. This new legislation represents a significant…
Read More » -
16 SeptemberBusiness
Business rates relief end could cost hospitality £1bn, says UKH
The end of business rates relief could cost hospitality businesses £928m in April, according to data from UKHospitality. Hospitality and leisure businesses face their bills quadrupling, totalling tens of thousands of pounds per venue, if business rates relief ends as planned on 31 March. Data from UKH found that A…
Read More » -
5 SeptemberBusiness
Confidence among hospitality leaders falls by 4%, CGA finds
Just under half (49%) of hospitality leaders feel confident about prospects for their business over the next 12 months, down by 4% from May and a third consecutive quarter-on-quarter drop, according to CGA by NIQ’s latest Business Confidence Survey. Meanwhile, 36% of leaders feel optimistic about prospects for hospitality in…
Read More » -
Aug- 2024 -16 AugustTrade Associations
UKH urges Edinburgh to implement cost recovery to visitor levy
UKH Scotland has urged the City of Edinburgh Council to adopt the cost recovery mechanism recommended in the draft visitor levy scheme. The draft scheme, which was published ahead of the Policy and Sustainability Committee meeting next week on Thursday 22 August, has recommended that 2.5% of proceeds collected by…
Read More » -
14 AugustTrade Associations
Hospitality unites to support business rates reform
A number of hospitality trade organisations have united to call for reform to the business rates model. UKHospitality (UKH), the British Beer and Pub Association (BBPA), British Institute of Innkeeping (BII) and Hospitality Ulster (HU) have produced a survey detailing the biggest issues for the sector. According to the survey,…
Read More »
