Hospitality restrictions take toll on GDP growth

GettyImages-1227064262

Hospitality restrictions have contributed significantly to the dip in the UK’s economic growth and will likely continue to do so unless measures are rethought, UK Hospitality has warned. New figures from the Office for National Statistics show that GDP grew by just 0.4% in October, down from 1.1% in September and the weakest its been since the economy started its recovery from the pandemic-induced recession earlier this year. The services sector – which represents four-fifths of economic output – grew by just 0.2% as a result of increased restrictions, declining by 0.37% month-on-month.

 

THIS ARTICLE IS ONLY AVAILABLE TO TRIALLISTS AND SUBSCRIBERS

Already have an account? SIGN IN HERE

Gated access promo

Apply for a trial now to access exclusive news, insight and analysis of the UK’s dynamic eating and drinking out sector.

Learn more about MCA here

Alternatively subscribe for unrestricted access to all content. Contact us for more information enquiries@mca-insight.com