All Economics articles – Page 3
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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.
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NewsHospitality sector drives 40% of Q2 GDP growth
The reopening of indoor dining helped underpin UK GDP growth during Q2 2021. Analysis from UKHospitality shows the hospitality sector was responsible for 40% of total economic growth from Q1 to Q2 2021, with Kate Nicholls calling on the Government for business rate reform and a permanently lowered rate of VAT.
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NewsLuke Johnson: ‘Terrible trade-off’ lies ahead in virus fight
Luke Johnson has warned the UK could face a “Great Depression” and would have to decide if the containment measures were worth the “collateral damage” of falling living standards and damage to mental health.
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NewsRising food prices push up inflation to five-year high
Rising food prices were one of the main contributors to the Consumer Price Index (CPI) rate of inflation reaching a five year high of 3% in September 2017.
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News
Consumer confidence rebounds from post-brexit low
UK consumer confidence has staged a slight recovery from its lowest level since just after the Brexit vote
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News
Business confidence slumps to lowest level since last year
Businesses are feeling less confident about the economy and their own trading prospects than they have at any point during the last year, according to new research by Lloyds Bank A monthly survey shows that overall business confidence among 200 companies with a turnover of at least £1m, fell by ...
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Analysis & Insight
Consumer confidence lowest since Brexit vote
Worries about the economic outlook and a squeeze on household budgets has dented consumer confidence
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Analysis & Insight
Consumer confidence drops for third quarter in a row
UK consumer confidence has dropped for the third quarter in a row with a three percentage point fall in the three months to June