All Economics articles – Page 2
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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
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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