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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Jan- 2025 -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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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…
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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…
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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…
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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…
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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.…
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