Wage growth
Coverage of salary trends, recruitment pressures, and workforce cost dynamics affecting UK hospitality businesses. This section explores hourly rate increases, labour market competition, regional pay variations, and impacts on F&B margin and staffing models, offering insight for operators, HR leads, and finance teams aiming to balance team welfare with profitability in a tight labour market.
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Feb- 2025 -27 FebruaryBusiness
Hospitality sales slip 1.3% in January
Sales at Britain’s leading restaurant, pub and bar groups fell by 1.3% year-on-year in January, according to data from CGA. This follows like-for-like growth of 3.2% in December and January’s figure is the lowest since April 2024, and only the second month of negative trading since early 2022. Sales in…
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Dec- 2024 -20 DecemberNews-In-Brief
Today’s news in brief – 20/12/24
Drake and Morgan reported that turnover rose 5% to £45.5m for the year to 31 March. Alongside this, the company’s adjusted EBITDA rose to £4.4m, up from £4.1m the previous year. It comes as the company has stated that Christmas bookings are set to eclipse last year’s record across its…
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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…
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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…
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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…
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Sep- 2024 -18 SeptemberRestaurants
Restaurants and hotels help keep inflation steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of England’s target of 2%.It follows downward contributions from hotels and restaurants, with costs in the segment falling to 4.4% in the month, down from 4.9% in the year to July,…
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Oct- 2023 -19 OctoberNews
UK managed groups see 12 months of growth, CGA finds
Britain’s managed restaurant, pub and bar groups completed 12 consecutive months of year-on-year sales growth in September, the new CGA RSM Hospitality Business Tracker reveals. The tracker, which is produced by CGA by NIQ in partnership with RSM UK, indicated like-for-like growth of 5.9% last month—close to both the Tracker’s…
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Sep- 2023 -21 SeptemberNews
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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5 SeptemberRestaurants
Restaurant spending down in August, Barclays finds
Restaurant spending dropped by 5.8% in August after dropping 2.7% in July, according to new data from Barclays. According to the data, 61% of people surveyed stated that they had deprioritised eating at restaurants. Alongside this 58% of people stated that they were deprioritising spending on takeaways. Despite this spending…
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Jun- 2023 -22 JuneBusiness
BoE raises interest rate to 15-year high
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in 15 years, after it was revealed that inflation remained at 8.7% in May. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by…
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