By M&C Report team2005-03-27T08:25:00+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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Popeyes will open its first UK restaurant in London’s Westfield Strafford in November with other new store openings to be announced soon.
In the second part of an interview with MCA, Andy Hornby, chief executive of The Restaurant Group, discusses the importance of accurate supply forecasting and simplifying menus as a way of controlling menu price inflation. He also discusses pub estate expansion, as well as current and future prospects for trading.
The chief executive of the Azzurri group, which operates the Ask Italian and Zizzi casual dining brands, is finding new ways to cope with staff shortages, while at the same time raising the issue of “outdated” business rates.
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