National Minimum Wage
Coverage examines how statutory wage floors affect restaurants, pubs, bars, and catering businesses across the UK, including annual rate changes, enforcement activity, and the operational impact on payroll, rota management, and pricing. Reporting also includes government policy updates, compliance risk, and how multi-site operators and independents are adjusting recruitment, benefits, and training strategies in response to rising baseline pay rates.
-
Jan- 2025 -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…
Read More » -
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…
Read More » -
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…
Read More » -
6 JanuaryRestaurants
Tasty agrees to £2.5m settlement with its insurer
Casual dining group Tasty has agreed a full and final settlement with its insurer for the amount of £2.5m relating to a pre-pandemic insurance claim. In a stock exchange announcement, Tasty detailed that it would receive approximately £1.5m, net of creditor costs and legal costs and the settlement sum is…
Read More » -
Nov- 2024 -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…
Read More » -
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…
Read More » -
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…
Read More » -
24 OctoberFood and Drink
Hospitality groups see sales rise 1.7% in September
British hospitality groups recorded a year-on-year sales rise of 1.7% in September, according to CGA RSM’s latest Hospitality Business Tracker. This means that managed venues have achieved like-for-like increases in eight of the nine months to September 2024. Following recent below-inflation growth of 1.5% in July and 1.3% in August,…
Read More » -
Sep- 2024 -12 SeptemberRestaurants
Majority of consumers support Tipping Act, finds RSM
A survey of 2000 from RSM has found that 80% of consumers think that 100% of tips and service charges should go to staff. Despite this, only a fifth (20%) believe that hospitality staff receive 100% of the tips from customers. The new Employment (Allocation of Tips) Act 2023 will…
Read More » -
Jul- 2024 -31 JulyNews
Today’s news in brief – 31/07/24
UKH has called the changes to the 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”. The Low Pay Commission has also been ordered to narrow the gap between the minimum wage rate for…
Read More »
