Office for National Statistics
Coverage explores how economic data and labour market statistics from the UK’s national statistics agency inform business planning across the hospitality sector. Reporting includes updates on inflation, consumer spending, GDP, wage growth, vacancies, and employment levels, with analysis of how these indicators affect restaurant, pub, and catering performance. Insight is tailored for operators, finance leads, and strategy teams using ONS data to benchmark trading conditions, forecast demand, and shape workforce planning.
-
Feb- 2025 -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…
Read More » -
Jan- 2025 -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…
Read More » -
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…
Read More » -
Dec- 2024 -24 DecemberGovernment
UKH calls on gov to rethink approach to NIC changes
UKHospitality has called on the government to “rethink its approach” to upcoming changes to National Insurance contributions, warning that proper consultation and engagement is needed before the changes are implemented next year. It comes as revised figures from the Office for National Statistics yesterday showed that the UK economy had…
Read More » -
20 DecemberTrade Associations
UKH disappointed in BoE decision to hold interest rates
UKHospitality has expressed disappointment in the Bank of England’s decision to hold interest rates at 4.75%, which came after a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three…
Read More » -
19 DecemberBusiness
BoE holds interest rates at 4.75%
The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…
Read More » -
18 DecemberGovernment
Inflation hits eight-month high of 2.6% in November
Inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous month, marking the highest level of inflation in eight months. According to the Office for National Statistics, the main drivers behind the rise were fuel and clothing, where prices rose this…
Read More » -
Nov- 2024 -7 NovemberNews
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…
Read More » -
Jun- 2024 -20 JuneNews
BoE holds interest rates for 7th consecutive month
Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s MPC voted by a majority of 7–2 to maintain the rate, despite inflation hitting its target and falling to 2% in May. UK inflation hit its target for the first…
Read More » -
Sep- 2023 -29 SeptemberBusiness
Hospitality vacancies fall by 33% after UKH Workforce Strategy success
Commitments made in UKHospitality’s Workforce Strategy, launched in May 2022, have helped bring down hospitality vacancies by 33% to 57,000 at its peak. In a significant update on the strategy’s progress since its launch, the sector now boasts “record” levels of employment in accommodation and food service with 2.7 million…
Read More »
