All Economics articles – Page 2
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NewsHospitality bosses warn higher taxes driving youth jobs crisis
Shepherd Neame and Stonegate are among the groups calling on Rachel Reeves to reverse increases in costs for businesses after Alan Milburn’s report warned of a lost generation
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NewsMandy Yin: ‘Revenue has not kept pace with the costs of running an independent restaurant’
The chef confirmed she has closed her high-profile north London Malaysian restaurant Sambal Shiok Laksa Bar saying she could no longer continue to personally carry the financial risk
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NewsTravelodge reports ‘solid start’ to the year
The budget hotel business says it ‘outperformed the competitive segment against a challenging market backdrop’ in Q1 26 with turnover up and F&B revenue increasing 7% year-on-year
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NewsHigh inflation and interest rates continue to hold back margin growth at Pizza GoGo
The pizza franchise says it ‘performed well against a backdrop of challenging business conditions and market uncertainty’ in its latest financial results, with turnover and profit both seeing marginal growth
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NewsBig Mamma performing ‘in excess of expectations’ as turnover surpasses £50m
Despite swinging to a loss, the French-founded Italian group says its restaurants continue to see ‘resounding results’ with sales up 27% in its most recent financial year
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Analysis & InsightRestaurants aren’t done - but they’re being tested like never before
Leon’s co-founder John Vincent has accused the government of killing the restaurant industry. Yet despite the challenges, operators with strong cost control, a clear strategy, and data-led decision-making continue to thrive
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NewsAdnams chair: ‘The company’s level of borrowings was unsustainable’
The regional brewer and pub operator’s chair, Simon Townsend, says the group’s asset disposal programme has been ‘absolutely essential to provide a solid base from which to restore profitable growth’
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Weekend PressBusinesses in hospitality among those left in “total survival mode” by surging energy prices
The Times reports many businesses in rural areas are at breaking point as a surge in the price of heating oil and diesel adds to pressure from rates rises and the minimum wage
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Weekend PressBeer boom goes flat as breweries call last orders
The BBC examines why more beer-making businesses have closed than opened in the past two years
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Weekend PressReeves’s tax cut on children’s meals a political ‘soundbite’, say restaurateurs
The Chancellor’s measure to help families save money during summer holidays ‘won’t make any difference’ to the industry, operators have told The Guardian
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NewsLate-night venues ‘bearing the brunt of hospitality closures’ as segment continues to contract
The latest Night Time Economy Market Monitor shows the space has shrunk by 28.9% in the six years since Covid-19 first hit, equating to nearly three net closures every week
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NewsCalls for ‘radical changes’ to business rates appeal system amid ‘tsunami’ of challenges
Colliers warns that ratepayers are facing ‘carnage’ as the number of business rates appeals registered in Q1 2026 is nearly five times higher than those submitted in Q4 2025
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NewsVAT on children’s restaurant meals cut to 5% for summer
UKHospitality says the move, which will apply to eat-in restaurant dishes served from a children’s menu, reflects government recognition that a lower VAT rate delivers immediate benefits for the economy
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NewsHospitality sees ‘some of the largest falls’ in payroll numbers as UK unemployment rises
UKHospitality has said rising unemployment and fewer job opportunities in the sector are the results of ’endless cost increases’
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NewsFresh wave of Tube strikes this week
It is feared more London Underground strikes will have a devastating impact on London’s hospitality businesses, with sales falling by up to 40% on strike days
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Analysis & InsightTreasury to rake in extra £12bn from business rates on pubs
Tories have accused the Chancellor of trying to ‘gaslight firms and the public’, The Telegraph reports
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NewsDiscounting helps lure diners as consumers prioritise value
Data from RSM UK’s Consumer Outlook shows more than 50% of Gen X and nearly half of all consumers would be encouraged to visit a hospitality venue by discounting incentives
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NewsUKHospitality warns holiday tax bill could add £100 to the cost of a family break
The trade body has warned the holiday tax, announced in yesterday’s King’s Speech, is deeply unpopular with the public
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Analysis & InsightGeopolitical shocks threaten to drive foodservice cost increases despite March price dip
The latest data from NIQ and Prestige Purchasing suggests that despite a 1.4% fall in food and drink prices in March further rises are likely in the coming months
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NewsEvolv Collection reports £151.6m revenue
The Martin Williams-led group describes the 15 months to December 2025 as a ‘transformative period’ that has led to ‘dramatically improved’ profitability