GDP

Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure

Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to…

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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…

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UK GDP grows 0.4% in August amid hospitality boost

Gross domestic product (GDP) is estimated to have grown by 0.4% in August 2021, and was boosted by the hospitality…

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Hospitality and leisure to add extra £3.5bn to UK economy

The hospitality and leisure industry is predicted to contribute £3.5bn more to the nation’s GDP this year than in 2019,…

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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…

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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…

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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,…

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Hospitality investment slumps 52% in Q1

Investment in the hospitality industry reportedly dropped 52% year-on-year to £649m in the first three months of 2021. According to…

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Hospitality business investments fell 13.7% last year

Business investment in the hospitality industry fell 13.7% last year, according to the latest analysis of ONS data by business…

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UK suffers record 9.9% GDP slump

GDP declined by 9.9% in 2020, a figure which is more than double of what was recorded in 2009 after the…

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