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.
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Nov- 2020 -20 NovemberCoronavirus
A third of hospitality groups fear collapse
One in three hospitality firms have “little or no” confidence in surviving the next three months, according to the latest data from the Office for National Statistics (ONS). The sector was found to be the most discouraged industry in the survey’s findings, followed by the administrative and support service activities…
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Sep- 2020 -10 SeptemberNews
Hospitality sector to ‘Walk for Calm’ amid mental health crisis
Leading hospitality organisations, alongside mental health charities, are backing the ‘Walk for Calm’ initiative to promote better mental health in the industry. Fronted by charities Hospitality Action and CALM (Campaign Against Living Miserably), the initiative will see multiple socially distanced, 20km fundraising walks take place in London, Birmingham and Manchester. …
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Aug- 2020 -12 AugustCoronavirus
UK in recession following 20% GDP slump
The UK economy has entered into a “technical recession” following a “record” fall in gross domestic product (GDP) during the second quarter of the year. According to the Office for National Statistics, GDP slumped by 20.4% between April and June 2020, compared with the 2.2% drop seen during Q1 2020…
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Jul- 2020 -14 JulyCoronavirus
UK GDP slumped 19.1% in three months to May
GDP fell by 19.1% in the three months to May 2020, as government restrictions on movement dramatically reduced economic activity. According to new data from the Office for National Statistics (ONS), this was driven by falls in nearly every industry, most notably by food and beverage service activities, which fell…
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Jun- 2020 -18 JuneCoronavirus
UK inflation hits four-year low
The UK’s inflation rate dropped to 0.5% in May, down from 0.8% in April, according to new figures from the Office for National Statistics (ONS). According to the ONS, falling prices for motor fuels and a variety of recreational and cultural goods resulted in the largest downward contributions to inflation…
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12 JuneCoronavirus
UK GDP slumps over 20% in April as full impact of Covid-19 is felt
GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from the Office for National Statistics (ONS). It is the biggest monthly fall since the ONS’ series began in 1997, with the measure also falling by 10.4% in the three months…
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May- 2020 -13 MayCatering Companies
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19 pandemic. This is according to new data from the Office for National Statistics (ONS), which also found that gross domestic product (GDP) fell by 5.8% during March, the largest fall…
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Apr- 2020 -24 AprilCoronavirus
Over 80% of accommodation and food service businesses have closed temporarily
A new survey by the Office for National Statistics (ONS) has revealed that 81.2% of accommodation and food service businesses have closed temporarily due to the Covid-19 outbreak. The independent producer of official statistics reached out to 17,786 businesses for its Business Impact of Coronavirus (COVID-19) Survey (BICS), and a…
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22 AprilBusiness Bites
Will there be coronavirus help for small company directors who are paid by dividend?
The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…
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Mar- 2020 -6 MarchBusiness Bites
Flybe’s pensions in doubt; Poorest 20% no better off than before, 1m Virgin customers on unsecured database
Flybe’s pension pot for 1,350 current and former workers is at risk, as the fallout from one of the first casualties of the coronavirus business threat manifests in full. Flybe of course was already embattled before the new Covid-19 virus came along, and was the subject of a controversial bailout…
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