Inflation

VAT rise to result in double-digit price increases, UKH warns

VAT in hospitality will rise from 12.5% to 20% on 1 April 2022, which UKH said “will result in double-digit…

Read More »

Sunak’s Spring Statement: What it means

“Businesses are going to be incredibly challenged to sustain themselves, having just begun some recovery after Covid,” reveals Lionel Benjamin,…

Read More »

Hospitality sees city-centre recovery as sales and footfall rise

Hospitality businesses are starting to build sales momentum in Britain’s big cities after sales increased by 3% with a “steady”…

Read More »

Starbucks UK revenue soars 35% in FY21

Starbucks has announced that UK revenues rose by 35% to £328m in the full-year ending 3 October 2021, largely driven…

Read More »

Drinks sales hit record for 2022 amid good weather and St Patrick’s Day

Out-of-home drinks sales were 7% up on pre-pandemic levels last week, according to the CGA’s latest Drinks Recovery Tracker, in…

Read More »

Return to 20% VAT a ‘massive missed opportunity’, UKH says

A return to 20% VAT for the hospitality and tourism industry will be met with disappointment by thousands of hospitality…

Read More »

Inflation hits 30-year high at 6.2% in February

The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January,…

Read More »

J D Wetherspoon returns to normal trading amid improving sales

In the most recent three-week period, to 13 March 2022, J D Wetherspoon has revealed it has seen sales improve…

Read More »

BoE raises interest rates to 0.75%

The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate…

Read More »

Hospitality managed groups’ sales up 3% in February

Managed groups’ like-for-like sales in February were 3% higher than in February 2019, according to the Coffer CGA Business Tracker,…

Read More »