By M&C Report team2006-05-01T08:01:00+01:00
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.
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.
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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The availability of capital for those looking to expand will be discussed in this special panel at MCA’s flagship conference.
The 2 Sisters boss warned the cost of chicken could rise 10% as the sector faces rising costs for wages, energy and carbon dioxide.
The latest opening in Ringwood forms part of Loungers ongoing expansion, taking its total estate to 181 sites.
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