All Economics articles – Page 4
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Weekend PressCan Starmer’s late-night World Cup openings help Britain’s struggling pubs?
While venues could stay open until 2am, rising costs remain a far bigger concern for many landlords, reports The Guardian
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OpinionIs Andy Burnham hospitality’s knight in shining armour?
The ‘King of the North’ has promised to shower hospitality with shiny trinkets including business rate reductions and VAT cuts should he triumph in Makerfield and take Labour’s crown
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NewsChancellor calls on sector to continue working constructively with government
Addressing UKHospitality’s Summer Conference this week via video message, Rachel Reeves claimed ’the best days are ahead of us’ while acknowleding the sector’s tough trading conditions
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Analysis & InsightWho will be the winners of the government’s summer VAT cut?
While complexities around implementation hardly feel tailored to benefit operators, there are notable opportunities for businesses across the sector to make hay while the sun shines this summer
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NewsTube strikes deliver ‘sharp blow’ to London hospitality trading
Analysis by Tenzo shows the median London hospitality venue saw sales fall by 13.1% last Thursday (4 June) with one in five experiencing a sales declines of more than 30%
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NewsFuture of Soho institution Balans in doubt
An email seen by MCA says the group is ‘no longer trading’ with creditors due to be contacted
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NewsHospitality VAT cut petition passes 100,000 signatures in first 72 hours
The campaign said the scale of support it has received so far is ‘a clear demonstration of the strength of feeling across hospitality for a lower rate of VAT’
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NewsIndustry leaders back VAT cut petition
More than 25,000 signatories have already given their support to the sector-wide campaign, which is calling for the government to cut hospitality VAT to 10%
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NewsTop chefs call for VAT cut
Tom Kerridge, Yotam Ottolenghi, Ravneet Gill and Simon Rogan told BBC Newsnight VAT should be slashed to 10% to ease pressure on businesses and bring rates closer to European levels
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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