Inflation
Our coverage compiles our focused reporting on how inflation is impacting the UK foodservice and hospitality sector, from rising ingredient and energy costs to wage pressures, supplier pricing, and menu repricing strategies. We cover the knock-on effects across restaurants, pubs, bars, cafes, and catering firms, with expert commentary and operational insight to help owners, operators, and F&B executives respond effectively. Whether you’re managing margins, adjusting procurement, or making pricing decisions, this archive offers clarity on the inflationary forces reshaping the economics of hospitality.
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Feb- 2023 -2 FebruaryNews
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 interest to 4%, the highest level in 14 years. The increase, which is the tenth consecutive increase, was decided after the bank’s Monetary Policy Committee (MPC) voted by a majority…
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Jan- 2023 -31 JanuaryBusiness
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 any industry, according to ONS data analysed by Hazelwoods Accountants. The average wage has risen from £328 per week in 2012 to £502 per week in 2022. Hospitality workers have…
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24 JanuaryPubs and Bars
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 recent months. Since the start of October, the group estimates that strike action wiped £4m from its sales, adding that the consequent impact on profitability means earnings may be below…
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24 JanuaryBeverages
Drinks sales surge 13%
Average drinks sales in the week to 14 January 2023 were 13% higher than the equivalent seven days in 2022 according to data from CGA. This follows a 24% increase in the first week of January and strong increases throughout December. This is ahead of the current 10.5% rate of…
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23 JanuaryBusiness
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker, marking the end of a 15-month period of consecutive decline. Deloitte said overall confidence was boosted by “significant” quarter-on-quarter improvement in sentiment towards levels of debt (+3.8…
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23 JanuaryRestaurants
Energy crisis ‘existential threat’ to UK pubs, says BBPA
The BBPA has said the energy crisis represents an “existential threat” to UK pubs, after the latest CGA report showed that 13,000 hospitality businesses have shut since the start of the pandemic. Inflation in energy bills, wages and other costs caused a net decline of 4,809 licensed premises last year,…
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20 JanuaryBusiness
Over 13,000 hospitality closures since March 2020
Over 13,000 hospitality businesses have closed in Britain since the start of the pandemic, according to data from the CGA and Alix Partners. A rise in inflation and energy bills caused a net decline of 1,611 businesses in the sector in Q4, a market contraction of 1.6% in three months.…
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18 JanuaryPubs and Bars
Hospitality welcomes best December in three years
Managed pub, bar and restaurant groups welcomed their best December trading in three years, though real term sales still lagged behind pre-pandemic figures, the latest Coffer CGA Business Tracker has found. Like-for-like December sales were 15.0% ahead of December 2021, when festive trading was disrupted by the Omicron variant. However,…
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16 JanuaryCatering Companies
The front of the Q: Q Catering’s plans to hit £20m turnover by 2023
Q catering appointed three new members of staff from Kent Frozen Foods towards the end of 2022; Tony Blake as commercial director, Caroline Martin as sales director and Nick Jennings as financial director. How pleased are you with your recent appointments? These were people that I worked with at KFF.…
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16 JanuaryNews
Tristar Foods acquires Byron owner out of administration
Famously Proper, the owner of Byron Burger, has been bought out of administration by Tristar Foods Limited. Administrators from Interpath Advisory were appointed to the company on 13 January 2023 and the business was sold to Tristar. A total of 12 sites formerly owned by Famously Proper will transfer to…
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