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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Oct- 2022 -12 OctoberGovernment
UKH welcomes Energy Prices Bill
UKHospitality chief executive Kate Nicholls has welcomed the Government’s new Energy Prices Bill adding that it will provide “relief to all manner of hospitality businesses”. Under the new bill, consumers will pay a fairer price for their electricity as the UK government introduces new emergency powers that will ensure consumers…
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Sep- 2022 -23 SeptemberNews
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as part of the new government’s first mini-budget. Setting out his aims for economic growth, Kwarteng said that he wants the economy to increase by 2.5% annually in the medium-term, through…
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Jul- 2022 -18 JulyPubs and Bars
New PM must support beer and pubs, BBPA urges
A letter urging the new leader of government to support pubs during the cost of living crisis has been penned by The British Beer and Pub Association (BBPA) . The letter urges any new leader to “rebalance the UK’s alcohol duty system to support UK pubs and brewers, reduce the…
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May- 2022 -23 MayRestaurants
UKH: hospitality the ‘solution’ to gov’s levelling up policy
UKHospitality has released a new report, Level up hospitality – level up society, which aims to “highlight how the sector is positioned to deliver growth and opportunity across the country and play its part in generating jobs and economic growth”. The report identifies the six areas in which the UKH…
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Feb- 2022 -25 FebruaryFeatures
Pay increases: A balancing act
“While the pandemic has impacted all industries, few have had to overcome ‘harder’ or ‘more numerous blows’ than the hospitality sector,” as evident from Peckwater Brands latest research. Whilst many challenges continue to hinder the industry today – it has decided to award “record” pay rises in a bid to…
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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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