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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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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Apr- 2021 -30 AprilTrade Associations
UKH Cymru unveils Industry Prospectus ahead of Welsh election
UKHospitality (UKH) Cymru has launched an Industry Prospectus, ‘Hospitality in Wales: A Firm Foundation for Wales’ Future’, for the next Welsh government ahead of next week’s election. The prospectus emphasises the hospitality industry’s importance to the Welsh economy and the need for greater financial support following lockdown. Among the range…
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6 AprilTrade Associations
UKH publishes hospitality ‘manifesto’ ahead of Scottish election
UKHospitality (UKH) has published its “manifesto” as representatives of the hospitality industry, ahead of the Scottish parliamentary elections in May. The trade association issued demands for the country’s political parties to help assist the industry’s return after lockdown. As part of the manifesto, UKH called for a full review of…
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1 AprilGovernment
Treasury Committee launches inquiry into job recovery post-Covid
The Treasury Committee has announced it has launched an inquiry into job, growth and productivity recovery after the pandemic. The cross-party group of MPs will examine how the government can reduce and mitigate the economic damage and job losses resulting from the pandemic. Mel Stride MP, chair of the Treasury…
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Jan- 2021 -15 JanuaryCoronavirus
UK GDP shrinks by 2.6%
GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal. Figures released by the statistics office show that November GDP was 8.5% below its pre-pandemic levels. The decline follows a period of economic growth for the UK, with last October’s report revealing that the country had grown a…
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Dec- 2020 -11 DecemberNews
Hospitality restrictions have halved economic growth, UKH claims
UKHospitality has claimed that restrictions on the country’s hospitality sector have almost halved the UK’s economic growth, with the situation only likely to get worse. The report follows the new figures released by the Office for National Statistics (ONS) which showed that nearly half (45%) of UK businesses currently trading…
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