National Insurance
Coverage includes key policy changes, thresholds, and government announcements affecting payroll costs and contributions for hospitality employers. Reporting focuses on how evolving rates and regulations impact staffing budgets, employer liabilities, and net pay across restaurants, pubs, catering firms, and hospitality businesses, offering clarity and guidance for operators navigating workforce-related financial planning.
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Feb- 2025 -21 FebruaryCatering Companies
Contract catering sales rise 12% YoY in Q4
Britain’s top contract caterers saw their sales grow by 12% year-on-year in the fourth quarter of 2024, according to the latest Contract Catering Tracker from CGA by NIQ and Bidfood. As the tracker’s highest growth of the year, it followed increases of 7%, 10% and 7% in the first three…
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19 FebruaryBusiness
Hospitality insolvencies down 7% in 2024
Accommodation and food services insolvencies were down 7% year-on-year from 3,737 in 2023 to 3,464 in 2024, according to data from the Office for National Statistics (ONS). Insolvencies in the sector saw an even bigger drop month-on-month, down 31% from 327 in November 2024 to 224 in December 2024 and…
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10 FebruaryPubs and Bars
Number of late-night hospitality venues falls by 2.8% in 2024
Britain’s late-night hospitality sector had a total of 2,264 nightclubs, late-night bars and casinos at the end of 2024, spelling a reduction of 2.8% in a year and 25.2% less than pre-pandemic, according to CGA by NIQ’s first edition of the Night Time Economy Market Monitor. Nightclubs have borne the…
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7 FebruaryFood and Drink
Foodservice prices rise 1% in December as inflation concerns mount
Foodservice prices rose by 1% from November to December – the highest monthly jump since June 2024 – raising fears of renewed price pressures for the UK’s hospitality sector. While year-on-year inflation dropped to 1.9% in the final month of 2024, the latest Foodservice Price Index report from Prestige Purchasing…
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4 FebruaryPubs and Bars
Admiral Taverns ‘well-positioned’ to weather tax increases
Admiral Taverns has stated that it is “well-positioned” to weather increases in employer National Insurance contributions and business rates following strong trading. The company revealed that its underlying operating profits rose almost 1% from £36.9m to £37.2m for the year ended 26 May 2024. Alongside this, the company’s turnover rose…
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3 FebruaryRestaurants
Glasgow sees highest volume of F&B deals in 2024
Glasgow city centre saw the highest volume of F&B transactions for over six years in 2024 with over 34 new openings, signifying a 25% rise on the year before, according to Savills. Of those 34 openings, almost 90% were local independent operators. This is a marked change since 2023, when…
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Jan- 2025 -30 JanuaryNews-In-Brief
Today’s news in brief – 30/01/25
TGI Fridays has closed its flagship venue in London’s Leicester Square, which opened in 2015 after a multi-million pound investment. The closure means that TGI’s now has no restaurant in Central London although it retains venues at the O2 Greenwich and Westfield Stratford. UKH has urged the chancellor to bring…
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30 JanuaryTrade Associations
Growth plan must include foundation economy, UKH says
UKHospitality has urged the chancellor to bring forward a specific growth plan for hospitality, and other sectors in the foundation economy, that can deliver growth “swiftly”. While the trade body agreed that big infrastructure projects are much-needed, it also pointed out that their benefits won’t be realised “for years or…
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29 JanuaryBusiness
Licensed hospitality closures slow in 2024
Britain’s pubs, restaurants and hotels overcame widespread challenges to end 2024 with virtually the same number of premises as 12 months earlier. Data from hospitality data and insight consultancy CGA shows a total of 99,120 outlets operating in December 2024, compared with 99,113 in December 2023. It represents a year…
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28 JanuaryFeatures
How will the Scottish budget affect businesses?
On 4 December 2024 first minister John Swinney announced the budget for Scotland for the period of 2025-2026. It followed the announcement of the budget for the rest of the UK by chancellor Rachel Reeves in October. As part of devolution powers introduced under the Tony Blair administration, the Scottish…
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