Inflation

Hospitality leaders’ confidence rises though soaring costs still loom

Hospitality leaders remain “cautiously optimistic” despite soaring costs still threatening weaker businesses, according to the 2023 Business Leaders’ Survey from…

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Final quarter of 2022 ‘worst on record’ for restaurant closures

The final quarter of 2022 was the “worst on record” for restaurant closures, as 504 restaurant companies entered insolvency in…

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Inflation falls to 10.1% in January

Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to…

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Pub insolvencies soar 83% in past year

Insolvencies among pub and bar companies have risen by 83% in the past year to a total of 512, according…

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UKH welcomes new energy security department

UKHospitality has welcomed the creation of a new department for energy security following a restructuring of government departments yesterday (7…

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Jan drinks sales rise 9% YOY

Average drinks sales in Britain for the seven days ended 28 January 2023 were 9% ahead of the same period…

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BoE raises interest rates to 4%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…

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Average hospitality wages rise 53% in 10 years

The average wage for someone working in hospitality has risen 53% over the last 10 years, the biggest rise of…

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Fuller’s issues profit warning as rail strikes wipe £4m from sales

Fuller’s has warned its full-year earnings may be lower than expected after its profitability was dented by rail strikes in…

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Drinks sales surge 13%

Average drinks sales in the week to 14 January 2023 were 13% higher than the equivalent seven days in 2022…

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