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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Mar- 2023 -1 MarchPeople
Record employment figures shows hospitality’s growth potential, says UKH
A record 2.6 million people are now employed in accommodation and food service, with the sector creating one in five new jobs, all despite “crippling vacancies” and staff shortages, according to the latest data from UKHospitality (UKH). Set to be announced at its inaugural Workforce and Skills Seminar, UKH will…
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Feb- 2023 -21 FebruaryTrade Associations
Hospitality leaders’ confidence rises though soaring costs still loom
Hospitality leaders remain “cautiously optimistic” despite soaring costs still threatening weaker businesses, according to the 2023 Business Leaders’ Survey from CGA by NielsenIQ and Fourth. The poll found that 47% felt confident about their business prospects over the next 12 months, up from 29% in CGA’s last survey three months…
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15 FebruaryBusiness
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to a near 40-year high. According to the latest figures from the Office for National Statistics (ONS), on a monthly basis, inflation fell by 0.6% in January 2023, compared with a…
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8 FebruaryGovernment
UKH welcomes new energy security department
UKHospitality has welcomed the creation of a new department for energy security following a restructuring of government departments yesterday (7 February), calling the move “good news” for the sector. The reshuffle saw the former Department for Business, Energy and Industrial Strategy (BEIS) split into three new departments, including the Department…
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1 FebruaryBusiness
Hospitality braces for 101% rise in energy bills this quarter
Hospitality businesses are bracing for a 101% increase in energy bills this quarter, compared with the same period last year, according to the joint Q1 Hospitality Members Survey by UKHospitality, the British Beer and Pub Association, the British Institute of Innkeeping and Hospitality Ulster. The figures have been raised directly…
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Dec- 2022 -22 DecemberBusiness
Hospitality real terms sales behind pre-pandemic levels
Hospitality turnover for the year ended September 2022 increased 1.3% to £135bn but this is a real terms decrease compared with 2019, according to data from CGA. Inflationary pressures have meant that even though a 1.3% increase is the first time a full-year figure has been above pre-pandemic levels, it…
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Nov- 2022 -18 NovemberGovernment
Industry reacts: ‘More is needed’ from Autumn Statement
The hospitality industry has warned that the chancellor’s Autumn budget, unveiled yesterday (17 November), does not go far enough with plans for economic growth, adding that “more is needed” to support pubs and breweries. Responding to the Autumn Statement, UKHospitality CEO Kate Nicholls, said she was “pleased that the chancellor…
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14 NovemberBusiness
Hospitality faces £900m business rates hike
Hospitality businesses will face a £3.6bn bill next April if business rates increase in line with inflation and current relief is ended, a business rates increase of £900m, on top of the £2.7bn the sector currently pays. Ahead of the Autumn Statement this week, UKHospitality CEO Kate Nicholls is urging…
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11 NovemberPubs and Bars
Hospitality sales rise by 4% in British cities
Pubs, bars, and restaurants have reported positive sales in Britain’s major cities, despite high inflation making real-terms growth “very difficult”, according to CGA. Its latest ‘Top Cities’ report found that combined sales in Britain’s 10 most populous cities in the four weeks to 22 October 2022 were 4% higher than…
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Oct- 2022 -17 OctoberPubs and Bars
Hospitality driving recovery in cities post-Covid, CGA finds
The hospitality sector is driving the economic recovery of major cities post-pandemic, with Birmingham reported as the most vibrant city thanks to its restaurants, pubs and bars, the CGA has found. Its latest ‘Top Cities’ report, conducted alongside connectivity solutions provider Wireless Social, provided a ‘vibrancy’ ranking of Britain’s 10…
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