Wages

Costs threaten fragile growth in late-night sector, new data shows

The number of late-night venues in Britain has grown modestly in the past year, but sector leaders have warned that…

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Predictions vs reality: testing OakNorth’s outlook on hospitality

The hospitality trade is a hard one. It runs hot in summer, cold in winter, and never moves in straight…

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Hospitality insolvencies remain ‘historically’ high despite Feb fall

Accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in…

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Confronting the realities of foodservice inflation

The latest CGA Prestige Foodservice Price Index (FPI) brought a rare moment of relief to the UK. January 2025 marks…

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Private equity in hospitality: a lifeline or a looming takeover?

French restaurant group Bistrot Pierre was the latest British chain to be acquired out of administration by a private equity…

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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…

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Hospitality challenges ‘far from over’ despite BoE rate cut

The decision to reduce the base rate on 6 February was an attempt to stimulate economic growth in a “stagnant”…

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How will businesses deal with increased costs in 2025?

Since chancellor Rachel Reeves’ Autumn Budget those in the hospitality industry have been bracing for a year of increased costs.…

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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…

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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%. …

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