All Economics articles – Page 5
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NewsCalls for ‘radical changes’ to business rates appeal system amid ‘tsunami’ of challenges
Colliers warns that ratepayers are facing ‘carnage’ as the number of business rates appeals registered in Q1 2026 is nearly five times higher than those submitted in Q4 2025
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NewsVAT on children’s restaurant meals cut to 5% for summer
UKHospitality says the move, which will apply to eat-in restaurant dishes served from a children’s menu, reflects government recognition that a lower VAT rate delivers immediate benefits for the economy
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NewsHospitality sees ‘some of the largest falls’ in payroll numbers as UK unemployment rises
UKHospitality has said rising unemployment and fewer job opportunities in the sector are the results of ’endless cost increases’
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NewsFresh wave of Tube strikes this week
It is feared more London Underground strikes will have a devastating impact on London’s hospitality businesses, with sales falling by up to 40% on strike days
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Analysis & InsightTreasury to rake in extra £12bn from business rates on pubs
Tories have accused the Chancellor of trying to ‘gaslight firms and the public’, The Telegraph reports
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NewsDiscounting helps lure diners as consumers prioritise value
Data from RSM UK’s Consumer Outlook shows more than 50% of Gen X and nearly half of all consumers would be encouraged to visit a hospitality venue by discounting incentives
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NewsUKHospitality warns holiday tax bill could add £100 to the cost of a family break
The trade body has warned the holiday tax, announced in yesterday’s King’s Speech, is deeply unpopular with the public
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Analysis & InsightGeopolitical shocks threaten to drive foodservice cost increases despite March price dip
The latest data from NIQ and Prestige Purchasing suggests that despite a 1.4% fall in food and drink prices in March further rises are likely in the coming months
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NewsEvolv Collection reports £151.6m revenue
The Martin Williams-led group describes the 15 months to December 2025 as a ‘transformative period’ that has led to ‘dramatically improved’ profitability
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Analysis & InsightEating out cutbacks planned as consumer sentiment falls
Forty percent of people plan to eat out less, as consumer sentiment falls to a three year low amid anxieties over the economy and war in the Middle East, according to PwC
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NewsUKH urges government to provide hospitality energy support
The trade body has set out proposals for clear, targeted measures to support the sector through increased energy costs
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NewsJason Atherton: ‘I am trying to sustain our business by opening abroad’
The chef behind two Michelin-starred London restaurant Row on 5 has said his group is now much more cautious about expanding in the UK due to the tough market
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NewsTim Martin: Wetherspoons customers have never caused issues on flights
Martin described Ryanair boss Michael O’Leary’s calls for airport passengers to be subject to a two-drink limit in pubs as a ‘big brother’ approach
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NewsInflationary pressures hit margins at Pizza Union
The Bobby Hashemi-led Roman pizza bar brand has reported a drop in both turnover and profit in its 2025 financial results, following the closure of one of its London sites
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NewsWhitbread: ‘Our branded restaurants have faced material challenge’
The group has blamed the impact of inflation and tax rises, combined with lower financial returns, for its decision to exit its branded restaurants division
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InterviewsPret CEO: ‘We’re doing everything in our control to mitigate costs and protect our customers’
Pano Christou says the impact of the US-Israel war with Iran is causing some cost volatility, but the group currently has no plans to raise prices. The food to go retailer launched its new spring menu today with a heavy focus on high-protein dishes
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NewsTube strikes knock hospitality revenue by 18%
Data from Harri shows pubs lost over half of their weekly takings during last week’s strikes with QSR outlets also significantly impacted
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Analysis & InsightSoaring costs take ‘heavy toll’ on sector
There was a 0.3% drop in the number of licensed premises in the first quarter of 2026, the latest Hospitality Market Monitor from NIQ reveals
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NewsInflation to last months after war ends
Higher petrol, food and plane ticket prices will persist for “eight-plus months” following the end of the conflict, chief secretary to the Prime Minister Darren Jones said
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NewsZero-hours ban risks ‘substantial damage’ to jobs
The government has has been urged to soften an element of its workers’ rights reforms, in a letter signed by UKHospitality, the British Retail Consortium, and the Food & Drink Federation