All Economics articles – Page 2
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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
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Analysis & InsightAlixPartners: ‘UK F&B market proving more resilient than the US’
While F&B is feeling the effect of consumer cutbacks, the impact is milder in the UK than the US, according to Graeme Smith, MD of the financial advisory firm
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Analysis & InsightLeader confidence at five year low
The soaring cost of doing business and pressure on consumer spending mean just just 26% of hospitality leaders feel optimistic for the next 12 months
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Weekend PressBusinesses braced for Budget tax bloodbath
As business brace for a battering in this week’s budget, Emma McClarkin at the British Beer and Pub Association has warned a repeat of last year’s tax-raising would ‘bury’ the hospitality sector, the Daily Mail reports
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NewsCreams: ‘Milkshake tax is disappointing but, unfortunately, not surprising’
Amid rumours the Chancellor will announce a ‘milkshake tax’ in the budget, the dessert café brand has warned continued policy-driven cost increases will impact prices and harm high street investment
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NewsBrewDog calls for ‘meaningful action’ to support sector in pre-budget warning
The bar operator and brewer has calculated businesses must sell an extra 950,000 pints every hour to recoup cost surges from energy bills, labour costs and tax hikes
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NewsMiddletons acquired out of administration by existing shareholders
A sale of the steakhouse business and its assets will see all seven Middletons sites continue to trade, safeguarding the jobs of 159 employees
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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