Inflation drains Treasury coffers by £600m
Published: 21 February, 2024
Soaring alcohol inflation has made an explosive hole in HMRC’s receipts, new figures reveal.
Read more...
Alcohol duty rises impact inflation
Published: 17 January, 2024
Last August’s duty hikes for wine and spirits have contributed to December’s unexpected rise in UK inflation, it has been revealed, as the Wine and Spirit Trade Association (WSTA) announces that the rate for the sector is now three times higher than it was this time last year.
Read more...
Friday Read: Why luxury drinks need to change tack
Published: 01 December, 2023
Chris Jeffreys, creative director at Love agency, argues there’s no room for complacency with high-end brands in this era of high inflation.
Read more...
Wet October softens growth for hospitality
Published: 15 November, 2023
Britain’s leading hospitality groups saw year-on-year growth slow to 3.2% in October amid widespread poor weather, the new CGA RSM Hospitality Business Tracker reveals.
Read more...
Friday read: Argentina ban adds economic tension for winemakers
Published: 22 September, 2023
Argentina can add a ban on invoices for overseas services to their woes as a number of top estates have been forced to pull out of marketing and advertising commitments abroad. It is another blow to the industry, as winemakers are forced grapple with yet more economic volatility and a situation which is increasingly creating an uneven competitive playing field in global export markets.
Read more...
Hospitality leaders hold on to optimism as inflation slows
Published: 20 September, 2023
Confidence is rising slightly among hospitality owners, new data suggest, despite inflation slowing at a ‘glacial’ pace and economic pressures in the offing, which could potentially leave the sector with a ‘billion-pound bill’.
Read more...
Independents: Paying the duty bill
Published: 15 September, 2023
Jo Gilbert reports on the results of Harpers’ latest survey, where we asked independent retailers to let us know which cost pressures are affecting them most – with inflation and duty unsurprisingly leading the charge.
Read more...
Lipstick effect brightens up sales of alcohol – until reality (duty) bites?
Published: 09 August, 2023
Economic depression tends to lead consumers to splash out on little luxuries. This is the idea behind the ‘lipstick effect’, coined by Estée Lauder’s Leonard Lauder to describe the rocketing rise of lipsticks in 2008, post the 9/11 attacks in New York and while global markets teetered on the brink of financial meltdown. By extension – and with the cost of living and wage stagnation pushing prices higher – alcohol still seems to fall within a comparatively ‘affordable luxury’ bracket.
Read more...
Food prices in hospitality surge again as supermarket prices ease
Published: 31 July, 2023
Inflation in hospitality rose again in June to 22.6% YOY, just shy of the record high of 22.9% in December 2022, as measured by CGA.
Read more...
Wine Society summer tasting: “We will swallow inflation and duty rises”
Published: 11 July, 2023
In April 2023, in what was described as an “industry first”, The Wine Society announced it would prevent price increases despite the effects of high inflation and rising duty costs.
Read more...
Fall in incomes hits hospitality as operators absorb costs
Published: 03 July, 2023
New data has highlighted the effect of rising cost of borrowing on spending in the hospitality sector, as consumers’ real income falls.
Read more...
Jerry Lockspeiser: It’s time the Bank of England joined us in the real world
Published: 28 June, 2023
The Bank of England’s decision to increase the base rate to 5% is a stab in the eye to under pressure businesses and struggling consumers. It would be hard enough to swallow if it were the right medicine for the illness. When it is based on a misdiagnosis it is unacceptable.
Read more...
Hospitality operators report 5.6% sales growth in May
Published: 21 June, 2023
Britain’s leading managed restaurant, pub and bar groups achieved an eighth consecutive month of year-on-year sales growth in May 2023, the latest Coffer CGA Business Tracker shows.
Read more...
Strong April for hospitality cancelled out by inflation
Published: 24 May, 2023
Britain’s leading managed restaurant, pub and bar groups achieved like-for-like and YOY sales growth of 6.9% in April 2023, the latest Coffer CGA Business Tracker reveals.
Read more...
Soapbox: Sizing up the bad payers
Published: 18 May, 2023
As financial challenges sweep the trade, one importer voices the fears of many that late payment by accounts is becoming ingrained
Read more...
OIV insights: Soaring costs
Published: 17 May, 2023
Jo Gilbert analyses recent OIV data, which shows the impact of galloping inflation on global wine exports.
Read more...
Despite ‘greedflation’ concerns, alcohol brand loyalty remains high
Published: 25 April, 2023
A majority of Britons believe companies are using inflation to mask price gouging. But despite price rises, loyalty to alcohol brands remains high, according to new findings by consumer research platform Attest.
Read more...
Value of global wine exports breaks records as inflation soars
Published: 24 April, 2023
The global value of wine exports reached a record high in 2022, pushed ever upwards by runaway inflation and global supply chain issues.
Read more...
Pressure on energy and foodservice providers to tackle ‘greedflation’
Published: 14 April, 2023
Industry leaders are calling on Ofgem to force energy suppliers to renegotiate contracts signed with hospitality businesses at the height of the supply crisis, as price inflation continues to rise – and attract criticism – at the biggest FMCG firms, including Tesco.
Read more...
Rise and rise of inflation leaves business with difficult choices
Published: 24 March, 2023
UK industry has been left reeling once again following another inflation spike and subsequent interest rates hike, as the ever-increasing price of food and drink continues to stretch the nation’s purse strings as well as the cost of its collective shopping basket.
Read more...Search
© Agile Media Ltd 2024. All rights reserved. Agile Media Ltd. Registered office:
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
