National Living Wage
Coverage examines how wage legislation affects restaurants, pubs, bars, and catering businesses across the UK, including annual National Living Wage uplifts, government policy changes, and the operational impact on payroll, pricing, and staffing strategy. Reporting includes analysis of labour cost modelling, response from sector bodies, and practical adjustments made by multi-site operators and independents. Insight is tailored for operators, finance leads, and HR teams navigating rising employment costs in a tight labour market.
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Nov- 2024 -18 NovemberPubs and Bars
Licensed premises rise 0.7% in Q3 despite budget pessimism
The number of licensed premises have risen for a second successive quarter by 0.7% between July and September, according to a new Hospitality Market Monitor from CGA by NIQ and AlixPartners. This rise was equivalent to approximately 661 net new openings, or seven per day, and follows a 0.5% rise…
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15 NovemberNews-In-Brief
Today’s news in brief – 15/11/24
Young’s total revenues for H1 rose 27.2% to £250m, as like-for-like revenues rose 4.4% due to an “excellent” Euros turnout. Despite continued National Living Wage increases of almost 10%, utility costs and dual running costs from Young’s City Pub Group acquisition in the first quarter, adjusted operating profits rose by…
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15 NovemberPubs and Bars
Young’s H1 revenues rise 27.2% to £250m
Young’s has reported that total revenues rose 27.2% to £250m for the 26-week period to 30 September, as like-for-like revenues rose 4.4% due to an “excellent” Euros turnout. During the period, adjusted EBITDA also rose 23.2% to £59m and managed house EBITDA increased by 25.1% to £73.8m. Despite continued National…
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1 NovemberNews
Budget to increase full-time cost of employment by £2,500, UKH reveals
The employment tax measures announced in the Autumn Budget will increase the cost of employing a full-time staff member by at least £2,500, UKHospitality has said. New analysis from the hospitality association has revealed that increases to employer NICs and wages will hit the hospitality industry “hardest”, with a 10%…
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Oct- 2024 -31 OctoberBusiness
Budget reaction: Rising costs ‘latest blow’ to sector’s recovery
The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the sector’s recovery. Yesterday, Reeves announced a series of measures aimed at raising £40bn in taxes, including employers’ national insurance contributions rising to 15%, alongside hikes in both the National Living…
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30 OctoberNews
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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Jul- 2024 -31 JulyTrade Associations
UKH calls new LPC 2025 remit ‘disruptive and unhelpful’
UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
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26 JulyPubs and Bars
Mitchells and Butlers LFL sales rise 3.4% in Q3
The operator of All Bar One and Toby Carvery, Mitchells and Butlers, has reported that like-for-like sales rose 3.4% during the third quarter to 20 July, as sales remained ahead of the market despite the generally wet weather. Following a “very” strong start to the year, the group’s Q3 growth…
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Jun- 2024 -28 JunePubs and Bars
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
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May- 2024 -15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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