GDP
Reporting focuses on the implications of UK economic growth data for the foodservice and hospitality sector, including how GDP trends affect consumer spending, investor confidence, supply chain stability, and business sentiment. Coverage is designed to help operators, F&B executives, and catering professionals assess macroeconomic conditions that influence trading performance, expansion plans, and long-term resilience.
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Apr- 2020 -15 AprilCoronavirus
Covid-19 could cause UK economy to shrink by 35%, says OBR
The UK’s economy could shrink by as much as 35% in the second quarter of 2020 due to the Covid-19 pandemic, the Office for Budget Responsibility (OBR) has said. The watchdog is also predicting a 13% drop in annual GDP as a result of the outbreak, which it said would…
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Mar- 2020 -30 MarchGovernment
UK GDP expected to contract by 15% in Q2 2020
The UK economy is about to enter the deepest recession since the financial crisis, including the steepest quarter-on-quarter decline in economic activity since comparable records began, according to the Centre for Economics and Business Research (CEBR). CEBR expects the economy to have contracted marginally in the first quarter of the…
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11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
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Feb- 2020 -14 FebruaryBusiness Bites
German stagnation, Javid out, RBS gets environmental, Norton no-show
The German economy has stagnated due to significant falls in spending and exports. New figures show that GDP ‘flat lined’ (financial jargon for neither growing nor contracting) in the final quarter of 2019, bad news since economists and analysts had hoped that it would grow about 0.1%. It means Germany’s…
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11 FebruaryBusiness Bites
Yes, the trade barriers are coming
I think both Leavers and Remainers probably expected this in the long run – Michael Gove announced yesterday that businesses should “accept” that frictionless trade with the EU will be impossible whatever agreement is finally reached by the deadline of 31 December this year. This is the cost, he says, of making…
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Jan- 2020 -17 JanuaryBusiness Bites
The trillion-dollar club has gained Google as a member
Remember at school when teachers used to explain how one million was an essentially incomprehensibly large number? I recall one of mine showing the number represented on a huge rolled out piece of paper as wide and long as a carpet, with precisely one million individual dots. I was about…
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Jan- 2019 -16 JanuaryFeatures
Top trends in hospitality for 2019
Accounting for over 10% of global GDP and the creation of one in five new jobs according to the World Travel and Tourism Council, travel and tourism continues to be one of the world’s fastest-growing industries. It is also an industry undergoing rapid transformation, shaped by new technologies and the…
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Apr- 2018 -19 AprilBusiness
Nearly half of all hospitality companies are family run
Some 45% of hotel and restaurant businesses are family run, according to the latest UK Family Business Sector Report, conducted by Oxford Economics for the Institute for Family Business (IFB) Research Foundation. The report found that there are a total of 153,387 hotels and restaurants run by families, and collectively they…
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