All Economics articles – Page 3
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NewsUKH calls on Plaid Cymru to deliver business rates cut in Wales
The trade body says it recommends reforming or replacing business rates to achieve a permanent, lower rate for hospitality businesses across the country
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NewsHospitality warned heatwave could drop bookings by up to 48%
Analysis of the June heatwave carried out by Access Hospitality and DesignMyNight also shows the hot weather caused hospitality covers to decline by 19% and walk-ins to drop by 11%
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Analysis & InsightPub leaders: ‘Naïve to think new PM will give us everything we want’
Pub leaders welcomed Andy Burnham positive tone towards the sector, but also cautioned that hopes around tax cuts should be tempered by the realities of public finances
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NewsAndy Burnham plans ‘Amazon tax’ to cut high street business rates
Labour’s presumptive PM in waiting has said there is a case for higher business rates on warehouses to fund a cut for pubs and music venues
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NewsPubs get green light to stay open for early morning England v Mexico match
Despite initially ruling out a blanket extension to opening hours for the 1am game, the government has now confirmed licensing laws will be relaxed, allowing operators to trade until 5am
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NewsFoodservice inflation stabilises in May
Food and drink prices in the hospitality sector eased by 0.1% month-on-month in May with the most significant downward price movements coming in fresh produce, dairy, and oils
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NewsCoughlans Bakery shutters estate as it enters liquidation
The third-generation family business, which was backed by TV comic Romesh Ranganathan, has closed all 32 of its shops, blaming tax and cost rises
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NewsMay half term heatwave boosts hotel demand but costs keep profits flat
The latest RSM UK Hotel Tracker shows occupancy of UK hotels rose marginally from 79.4% to 79.7% in May year-on-year, but was flat in London at 82%
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NewsOne in six hospitality venues at risk of closure
A new joint survey carried out by the industry’s leading trade bodies reveals almost a quarter of respondents are operating at a loss, up from one in seven three months ago
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Weekend PressLabour’s ill-considered tourist levy will be the death knell for England’s seaside
Local authorities being granted the power to enforce a tourist tax will price many hardworking families out of their usual summer break, The Telegraph writes
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NewsHeavitree sees turnover dip in H1
The Exeter-based pub operator pointed to poor weather early in the year and an early Easter for the sales slip, which also led to a drop in operating profit
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NewsTwo thousand pubs at risk unless business rates are reformed
The British Beer and Pub Association (BBPA) warns more venues will close their doors, despite recent government intervention
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Weekend PressUK hotels poised for business rates reprieve next year
As a ‘big loser’ from Rachel Reeves’s shake-up last November, the sector is hoping to secure a reversal from the chancellor on crippling taxes, The Sunday Times reports
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OpinionAndy Burnham: ‘His record in Manchester is a very good one’
Now that the outgoing Greater Manchester mayor has seen off a lacklustre by-election challenge from Reform, attention turns to what his premiership might look like for the hospitality sector
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NewsTimothy Taylor’s overcomes ‘challenging market for cask ale’
Turnover at the Yorkshire brewer and pub operator rose by 2.1% to £35.7m last year, with flagship ale brand Landlord cementing its position as “the largest-selling cask ale brand in the UK by both value and volume”
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NewsSt Austell delivers ‘resilient’ 2025 performance amid tough trading conditions
The South West brewer, pub operator and drinks business recorded year-on-year revenue growth and underlying EBITDA of £22m, slightly down from £22.4m in 2024, reflecting the impact of rising costs and reduced consumer demand
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NewsThwaites warns Middle East situation causing ‘uncertainty on several fronts’
The comments come the family brewer and regional pub operator reports strong FY26 results with turnover up 5% to £127m
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Analysis & InsightHospitality remains ‘stuck in stagnation’ as like-for-like sales grow marginally in May
Year-on-year growth across Britain’s leading hospitality groups has now been below the UK’s rate of inflation, as measured by the Consumer Prices Index, for 13 consecutive months
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Weekend PressBusiness leaders warn Labour ‘relentless’ taxation must stop
Dozens of business leaders including industry investor Luke Johnson have signed a letter calling for Labour to address the levies crippling founders, reports The Telegraph
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Weekend PressTim Martin: ‘Labour is taking Britain back to the 1970s’
The Wetherspoon founder speaks to The Telegraph about Brexit dividends, the secret to his success, and why government policies are destroying business