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- 2022 -14 JanuaryBusiness
UK economy surpassed pre-Covid levels in November
Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November 2021, according to the latest Office for National Statistics (ONS) data. In the latest release, output in consumer-facing services grew by 0.8%, mainly because of a 1.4% increase in retail…
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Nov- 2021 -12 NovemberBusiness
Hospitality remains an ‘industry in peril’, UKH warns
The hospitality sector is ‘an industry in peril’ according to the latest edition of the UKHospitality and CGA Quarterly Tracker, which has revealed both Q3 2021 sales and full 12-month figures are nearly half what they were over the same period pre-pandemic. The data shows a 45% drop in sales…
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Oct- 2021 -25 OctoberTrade Associations
Over 200 CEOs sign letter urging chancellor to permanently keep 12.5% VAT
Over 200 chief executives of the UK pubs, bars, restaurants, cafés, hotels, leisure parks, nightclubs, entertainment venues, and visitor attractions have signed a letter to the chancellor urging for a permanent cut to VAT. Ahead of his Budget next Wednesday (27 October), industry leaders have called for a permanent reduced…
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11 OctoberNews
Brakspear records 45% drop in turnover as pandemic impact continues
J T Davies and Sons, the parent company for Henley-based pub operator Brakspear, has announced it is still being impacted from Covid-19 with turnover falling 45% to £19.4m for the year ending 27 December 2020. It also revealed a reported loss before tax of £221k for 2020, a decline of…
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Sep- 2021 -10 SeptemberBusiness
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the “pingdemic” taking its hold in July, gross domestic product (GDP) still remains 2.1%…
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Aug- 2021 -13 AugustTrade Associations
Hospitality contributed to 40% of Q1 to Q2 economic growth, says UKH
The hospitality industry reportedly contributed to 40% of the UK’s total economic growth between Q1 and Q2 2021. The figure comes from the latest UKHospitality Quarterly Tracker, produced by CGA, which followed ONS data revealing the UK GDP to have grown 4.8% in June. Kate Nicholls, chief executive at UKH,…
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12 AugustGovernment
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK, according to figures published by the Office of National Statistics (ONS). Gross domestic product (GDP) is estimated to have grown for a fifth consecutive month in June 2021, by 1.0%,…
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Jul- 2021 -21 JulyRestaurants
Loungers FY losses remain flat despite sales revival
Loungers saw its losses before tax remain relatively flat at £14.7m for the year ended 18 April 2021, despite a return to sales growth following the reopening of hospitality. The cafe, bar, and restaurant group reported a like-for-like sales increase of 23.7% in the nine weeks to 18 July 2021,…
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May- 2021 -10 MayBusiness
UKH calls on gov to improves capital access for businesses
UKHospitality is calling on chancellor Rishi Sunak for further support by improving access to capital for businesses and sticking to the government’s roadmap of lifting restrictions after 21 June 2021. The latest data from CGA’s Drinks Recovery Tracker showed that during the Bank Holiday weekend, many operators and drinks sales…
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6 MayTrade Associations
UKH publish sector prospectus ahead of Mayoral elections
UKHospitality (UKH) has published its sector prospectus ahead of the 2021 Metro Mayoral elections, which are taking place today (6 May). The prospectus outlines the financial and cultural importance of the hospitality and tourism sectors for local economic development. Among the measures being called for by the trade body are…
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