All Economics articles – Page 14
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NewsThe Coconut Tree sold out of administration
The Sri Lankan restaurant group has been acquired by a connected company with all seven restaurants set to continue trading
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NewsLib Dems call for hospitality VAT cut at budget
The party has called for VAT on the sector to be cut to 15%, saying too many people have been ‘priced out’ of ‘small joys’ like a restaurant meal
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Analysis & InsightDiscretionary spending flat as consumers cut back pre-budget
While overall consumer card spending fell 0.8% year-on-year in October, hospitality and leisure saw modest growth led by rises in entertainment and travel sales
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NewsOver 300 businesses sign letter demanding support in budget
Major hospitality businesses including Big Table Group, Greene King, KFC, Loungers, Stonegate and Wagamama are among the signatories to UKHospitality’s open letter to the Chancellor
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NewsRick Stein: ‘Putting national insurance up just stopped growth’
The chef and restauranteur has told The Standard he would like to see a moratorium on VAT in this month’s budget
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NewsShoryu Ramen Ltd sees like-for-likes sales fall as turnover drops and losses widen - updated
The Toridoll Holdings-backed Japanese restaurant concept says it’s on course to surpasses pre-pandemic baseline sales in 2026 despite like-for-likes falling 7.9% in its latest financial results
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NewsOne in eight pubs now ‘technically insolvent’
New analysis by accountancy firm Price Bailey show pub insolvencies surged during the spring and summer of 2025 with June recording the highest number of business failures in over a decade
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NewsGordon Ramsay Restaurants cuts hundreds of jobs as losses grow
Celebrity chef’s empire becomes the latest to succumb to cost of living challenges as almost 10% of staff face job cuts, according to The Times
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Analysis & InsightBattersea Power Station tries to defy London luxury slump with £2bn sale
Offloading the landmark site would serve as a litmus test for the capital’s dwindling property market, reports The Telegraph
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NewsAB InBev launches $6bn buyback despite volume decline
The owner of Budweiser and Stella Artois was expected to kick off a $2bn buyback over the next 12 months, although some analysts did forecast a larger outlay in light of its falling debt pile
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NewsFlat September for restaurants’ at-home sales
September’s delivery sales were 4.1% ahead of last year on a comparative basis, data from CGA by NIQ shows, while takeaway and click-and-collect sales dropped 8.7%
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NewsBusiness rates surcharge could cause closures, UKH warns
The trade body has untied with the British Retail Consortium to warn that the planned surcharge could leave hundreds of high street properties at risk of closure
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Analysis & InsightSugary drinks could face further levies as ‘sin tax’ receipts fall
Research from UHY Hacker Young shows ‘sin taxes’ contributed 2.8% of total tax revenues in 2024/25, down from 4.3% in 2015/16, amid long-term shifts in tobacco and alcohol consumption
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NewsRestaurant and hotel prices rise marginally as UK inflation holds at 3.8%
The 12-month inflation rate for restaurant and hotel prices rose to 3.9% in September, up from 3.8% in August
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NewsLeaders call to reinstate tax-free shopping amid tourist slowdown
The “tourist tax” continues to be a point of concern for operators ahead of what some are calling a potential “summer of discontent”
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NewsUniversal’s Bedford project highlights hospitality’s investment potential
The multibillion-pound investment in a new theme park underlines the need for a strategy that recognises hospitality’s potential to drive growth
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NewsUKHospitality calls for growth plan to ignite foundation economy
UKHospitality is urging the Chancellor, Rachel Reeves, to fast-track a growth plan for hospitality and other key sectors that can deliver rapid economic recovery and community investment
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NewsSunak: ‘Challenging backdrop of rising inflation’
Chancellor Rishi Sunak has warned inflationary pressures will continue to buffet the UK economy, and is forecast to average 4% next year
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NewsEat Out to Help Out propels inflation to nine-year high
Inflation has soared to its highest level in nine years, with the Office for National Statistics (ONS) claiming this is down to last year’s Eat Out to Help Out scheme.
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NewsONS data points to a possible recovery plateau
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.