Recession
Essential coverage on how economic downturns and financial pressures are affecting foodservice and hospitality businesses across the UK. This section explores rising costs, shifting consumer behaviour, staff retention challenges, and the operational strategies that restaurants, pubs, bars, and caterers are adopting to protect margins, manage demand, and maintain resilience. From pricing decisions and menu engineering to supplier negotiations and business model adaptation, the insights here support leaders navigating uncertainty in a volatile market.
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Oct- 2022 -12 OctoberFeatures
Why do casual dining sites thrive in economic uncertainties?
“Quick service restaurant companies like us often do well during periods of recession and economic uncertainty,” says Richard Morris, chief executive officer of Tortilla, “as consumers tend to turn to good value-for-money products and brands that they can trust during such times.” In fact, more people are purchasing takeaway or…
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Sep- 2022 -22 SeptemberNews
BoE raises interest rates to 2.25%
The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising from 1.75% to 2.25%. The latest announcement from the Monetary Policy Committee (MPC) comes as inflation remains at record highs for the UK, and marks the seventh consecutive rise in…
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14 SeptemberNews
Inflation falls in August but remains near 40-year high
UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a 40-year high as prices continue to rise, according to the latest figures from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.5% in August 2022, compared with a…
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6 SeptemberRestaurants
Nearly 40% of hospitality services facing worker shortages, study finds
Nearly two fifths of hospitality businesses are facing worker shortages, according to a new study of government data by digital marketing agency Koozai. The new data analysis, which looked at the latest figures from the Office of National Statistics, reveals the extent of worker shortages across different industries and areas…
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Aug- 2022 -4 AugustNews
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since 1995. In its latest announcement, the BOE also projected that the UK would fall into a recession in the fourth quarter of the year, which is expected to last for…
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Feb- 2021 -12 FebruaryGovernment
UK suffers record 9.9% GDP slump
GDP declined by 9.9% in 2020, a figure which is more than double of what was recorded in 2009 after the UK’s financial crisis. According to the ONS, the fall was largely due to restrictions which were in place for most of the year, forcing the economy to operate at limiting trading levels. Figures…
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Sep- 2020 -25 SeptemberRestaurants
Various Eateries raises £25m in AIM listing
Various Eateries has confirmed it has raised £25m by way of a placing of 34,246,576 new Ordinary Shares with institutional and other investors at a price of 73p per Ordinary Share, during its first day of trading on the AIM market of the London Stock Exchange. Various Eateries said its…
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7 SeptemberCoronavirus
Deliveries to provide ‘long-lasting boost’ to sector post-lockdown
The positive impact of Covid-19 on the delivery market is set to “provide a long-lasting boost” to the sector once the pandemic ends, according to Lumina Intelligence. Its latest Foodservice Delivery Market Report Update found that prior to the pandemic, delivery accounted for one meal per consumer per month on…
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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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Jun- 2020 -19 JuneComment
How pub owners and landlords can work together to brave Covid-19
The term “unprecedented” seems to have been used an unprecedented number of times over recent weeks. It is almost as if we have never seen global pandemics or Coronaviruses before now which is, of course, not true. It is a black swan event perhaps, but certainly not unprecedented. What is…
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