By M&C Report team2005-06-12T08:27:00+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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Pub deals such as Admiral Taverns’ acquisition of Hawthorn and Punch’s of Ram Pub Company show buyers are willing to look “forwards, not backwards”, Simon Johnson of CBRE has said.
Electric Group, the nightclub and live music venue operator backed by family that own River Island, has secured the former O2 Newcastle Academy, with plans for a UK-wide expansion drive.
The group is open to repurposing venues as part of its plans to break the 100-site mark, with several new locations in the pipeline, including a cider brew pub in Bath.
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