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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Jan- 2025 -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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27 JanuaryRestaurants
Tasty expects drop in FY24 sales amid challenging H2
Tasty, the owner and operator of restaurants in the casual dining sector, has announced that it expects to report total sales of £36.6m, down from £46.9m, and adjusted EBITDA of £3.8m in FY24, amid “challenging” trading during the second half of the year. According to the group, although the group’s…
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24 JanuaryAnalysis
How hospitality saved November and why it needs saving in April
The Office for National Statistics’ November 2024 GDP numbers highlight how important the hospitality industry is to the UK economy. It is evident that this industry continues to be a pillar of economic recovery, with the food and beverage subsector leading the economy in terms of performance, and hotels following…
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23 JanuaryPubs and Bars
The Revel Collective sees strong Christmas sales but warns of £4m Budget impact
The Revel Collective has reported “robust” festive trading but has warned that the changes announced in the annual Budget will have a £4m impact on its annual profit. For the weeks from 7 December 2024 to 3 January 2025, the group saw its group like-for-like sales increase by 1.6%. Prebooked…
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21 JanuaryNews-In-Brief
Today’s news in brief – 21/01/25
A fifth of hospitality staff workers will enter the new employer NICs threshold for the first time, according to new analysis from UKH. The trade body warns that the changes to employer National Insurance Contributions will hit hospitality hardest due to the high number of employees working part-time or flexible…
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21 JanuaryTrade Associations
A fifth of hospitality staff to enter new employer NICs threshold
More than 774,000 hospitality workers, representing a fifth of the industry’s workforce, are set to enter into the new employer NICs threshold for the first time, according to new analysis from UKH. The trade body warns that the changes to employer National Insurance Contributions will hit hospitality hardest due to…
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16 JanuaryBusiness
Hospitality helps drive economic growth in November
Food and beverage was the highest performing sector of the economy in November, according to November GDP estimates released by the Office for National Statistics (ONS). The accommodation and food service activities subsector saw output rise by 2.0% in the month, following a fall of 1.2% in October 2024. Both…
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14 JanuaryFeatures
How will businesses deal with increased costs in 2025?
Since chancellor Rachel Reeves’ Autumn Budget those in the hospitality industry have been bracing for a year of increased costs. The question on everyone’s lips as we enter 2025 is what effect these changes will actually have on the industry and how the industry will go about combatting them. How…
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14 JanuaryRestaurants
Comptoir sees revenues rise 9.5% to £34.5m
Comptoir Group, the owner and operator of Lebanese, Middle Eastern and North African inspired restaurants has reported a 9.5% increase in revenues to £34.5m for FY24 (FY23: £31.5m). The group’s restaurant sales also recorded a positive increase, with like for like sales in the second half year of +2.9% and…
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13 JanuaryBusiness
Hospitality accounted for 10% of UK administrations in 2024
The hospitality industry accounted for 10% of administrations in 2024 – the fourth highest sector in the UK – according to analysis by full-service law firm Shakespeare Martineau. A total of 1,718 businesses, 172 of which came from the hospitality sector, filed for administration – marking a 28% and 5%…
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