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.
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Nov- 2020 -26 NovemberNews
UKH calls for increased government support
UKHospitality has called for increased government support, reiterating that hospitality jobs can “catalyse” the UK’s economic recovery, and avoid a further rise in unemployment. Commenting on the spending review announcement, Kate Nicholls, chief executive for UKHospitality, said hospitality jobs are at the “core of the grave unemployment” that is forecasted…
Read More » -
12 NovemberCoronavirus
Hospitality figures pen letter calling for EIS amendment
Hospitality figures backed by the UK hospitality trade bodies have written an open letter to Rishi Sunak calling for an amendment to the current EIS and SEIS to “boost private investment in the sector and provide an alternative to government loans”. The proposals from Alan Lorrimer, founder of The Piano…
Read More » -
Aug- 2020 -24 AugustCoronavirus
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
Read More » -
May- 2020 -4 MayCoronavirus
Government launches new Bounce Back loans
Thousands of small firms and sole traders will be eligible for 100% government-backed Bounce Back Loans to help them make it through the coronavirus outbreak. From today (4 May), small business owners can apply to accredited lenders by filling out a simple online form, with only seven questions. The government…
Read More » -
Mar- 2020 -3 MarchBusiness Bites
Coronavirus is stepping up a gear – this could be serious
When I started this column back in December I did not anticipate a single subject would dominate it so much, but as I wrote last week it would be silly not to address the latest coronavirus circumstances given that each new development so far has had a profound impact on…
Read More »
