All Economics articles – Page 5
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Analysis & InsightLeader confidence falls to 37%
Optimism among hospitality leaders has tumbled amid fears about operating costs and consumer spending, the latest Business Confidence Survey from NIQ and Zonal reveals
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Weekend PressWhitbread CEO: ‘Dear Andy Burnham, here’s why we’re investing £500m less in the UK’
Writing in The Sunday Times, Dominic Paul says the next prime minister must abandon ‘ruinous’ changes to business rates that are choking growth
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Weekend PressHow the Great British Summer Savings scheme is helping families
The BBC speaks to families planning to make the most of the policy, which sees VAT slashed from 20% to 5% across a range of family-focused hospitality and leisure settings including on kid’s meals in restaurants
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NewsBurnham adviser backs plans for National Food Service
The recommendations call for the creation of approximately 9,500 government-backed Community Food Centres that would offer nutritious meals free at the point of use
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NewsStarmer planning bank holiday if England win World Cup
A potential public holiday could reportedly be scheduled for week after the final on 19 July if England triumphs in the tournament
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News#VATsTheProblem campaign passes 260,000 signatures as shop launches for delivery
Hospitality businesses are now able to order printed campaign assets to be delivered direct to their venue
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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