All Economics articles
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Analysis & InsightBusiness rates: ‘Stealth tax increases will push many hotels to breaking point’
As businesses continue to assess the impact of the budget on their balance sheets, hotels are learning they are some of the worst affected by changes to business rates, with a double whammy of tax hikes which will see bills rising 115% for the average hotel
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NewsNTIA: ‘Youth unemployment scheme risks missing the point entirely’
The trade body has warned the government’s plan to offer young people on benefits job opportunities in hospitality is pointless if the sector is ‘priced out of existence’
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OpinionSimon Emeny: ‘There’s no plan for economic growth and, without it, nowhere left to go’
The executive chair of Fuller’s says the budget was worse than he feared and leaves pubs and hotels ‘being wrung dry by tax shocks’
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NewsReal Eating Company reduced to two sites following downsize
Founder Helena Hudson has blamed lacklustre trading and a lack of government support for her decision to reduce the size of her independent café group from eight sites to two
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Weekend PressYoung people on benefits to be offered construction and hospitality work
BBC News reports the government will fund 350,000 training and work experience placements and will guarantee 55,000 jobs in areas it says are in the highest need, including hospitality, from spring 2026
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NewsUKHospitality: ‘Rates rises to wipe out more than half of Small Business Saturday benefit’
New analysis reveals small hospitality venues will see business rates bills rise by £318m over three years, more than half the £634m annual spend on Small Business Saturday
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OpinionTop chef’s astonishment over pub’s rateable values
One of Britain’s most acclaimed chefs, and owner of a growing colleciton of premium pubs in Yorkshire, Tommy Banks is one of many operators who have been left gobsmacked by new business rates bills which appear to penalise their success
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NewsUKHospitality Cymru warns business rates in Wales to increase by 80%
The trade body says the Welsh government’s decision to exclude hospitality from business rates reform will hit the sector with £131m in additional cost over three years
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InterviewsCheshire Cat Pubs: ‘The government must think we’re completely stupid’
Co-founder Tim Bird says the way pub business rates are calculated amounts to a ‘success tax’ that leaves operators in a spiral of chasing revenue to pay for higher bills
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NewsBII survey: 1 in 10 pubs profitable after Budget
A flash survey of members found 90% will need to increase drinks prices, 80% will cut staff hours, and 71% will increase food prices due to the impact of tax rises
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InterviewsAlex Reilley: ‘Budget highlights how brutally unfair pubs are valued’
The Loungers chairman tells MCA there is increasing evidence to suggest the Labour government doesn’t have much sympathy for the hospitality sector following last week’s fiscal statement
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Analysis & InsightAutumn Budget: Mixed signals for hospitality and leisure
One of the largest tax raising budgets in the post-war era, the increased burden on the middle classes is forecast to dampen spending and contribute to continued subdued trading in hospitality
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NewsUKH: Changes to unfair dismissal plans ‘pragmatic’
The government’s decision to reduce the qualifying period for unfair dismissal to six months ‘addresses one of hospitality businesses key concerns’, the trade body says.
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NewsBeef prices rise by record 27.4%
In the UK, farmers have faced higher feed costs rising wage bills and higher energy prices following the war in Ukraine, with the number of cattle farms dropping by 8.5% since 2020
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Analysis & InsightBudget reaction: ‘Our only option is to look for growth overseas’
The entrepreneur behind Fallow cautioned that expanding in the UK was ‘simply not worth the cost’ under the current tax regime, while Markus Thesleff warned investors were deserting the UK
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NewsSector anger as business rates reform ‘not delivered in full’
The government’s decision to give hospitality only a quarter of the rates discount it originally proposed has been derided with warnings it’s not enough to offset the loss of reliefs
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NewsHospitality reacts with frustration as budget announced
The Chancellor’s fiscal statement has been met with anger and exasperation, with many warning the lack of support for hospitality will lead to further closures and substantial job losses
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NewsTourist tax will cost British consumers £518m
A new visitor levy will allow mayors to impose a “modest” charge on overnight stays to invest in transport and infrastructure – but UKH said the “damaging” tax will be passed on to domestic tourists and fuel inflation
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NewsNational living wage rises to cost sector £1.4bn
Combined with a higher-than-expected 8.5% uplift in the wage rate for 18-20-year-olds, UKHospitality said the increases represent a total £1.4bn in additional cost for businesses
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NewsNTIA: ‘Brits still want to go out’
Data from the Night Time Industries Association shows that more than three quarters of UK consumers believe they are being priced out of the night-time economy due to rising costs