Faced with a significant duty rise from 1 August, many in the business of selling wine are bracing themselves for a new round of pain. Unwilling to pass on price rises to cash-strapped customers, but needing to protect already thin margins, this unpopular hike in tax is understandably the talk of the trade. And all of this is to happen at a time when implementation will impact on hospitality outlets, forcing a reorganisation of wine lists during the crucial summer trading period.
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Published: 31 January, 2023
Scotland’s pubs, bars, restaurants and hotels face an unprecedented cocktail of challenges, according to the most recent Scottish Licenced Trade Association (SLTA) survey.
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Published: 09 January, 2023
Research unveiled by accountancy group UHY Hacker Young shows that the UK's top 100 restaurants returned to profitability in 2022, after four years of consecutive losses.
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Published: 09 December, 2022
Footfall across the hospitality sector is up on 2019 levels in Britain’s key cities, although high inflation and rail strikes remain major concerns.
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Published: 05 December, 2022
The amount restaurant owners are borrowing to keep their own businesses afloat has increased 12% in the past year, from £377 million in 2020/21, to over £424 million in 2021/22, says Mazars, the audit, tax and advisory firm.
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Published: 02 December, 2022
The average amount consumers spend each month in restaurants, takeaways and pubs has fallen since the start of the pandemic, with restaurants the hardest hit, new research has found.
An independent survey of 2,000 UK adults, conducted by Peckwater Brands, claims rising inflation and energy costs have reduced consumer spending, leaving hospitality businesses at risk.
Restaurants have seen the highest drop-off in consumer spending since the start of 2020, down 16% from £58.90 per person per month to £49.30. Spending in pubs fell 14.6% from £47.90 to £40.90, while spending on takeaways saw the lowest reduction, falling just 10% from £47.70 to £42.30.
While the cost-of-living crisis continues to loom large, the majority (63%) of UK adults surveyed said they still consider takeaways a treat they look forward to, with 34% intending to continually get them regularly (at least once per month) with 33% budgeting for this expense.
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Published: 07 November, 2022
Aimed at indies and restaurants, DO Rueda’s new marketing campaign is inviting sign-ups to join in the promotion of Rueda wines across the UK.
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Published: 20 October, 2022
Hospitality has lost 2,200 licenced venues in three months as crippling costs and staffing issues continue to hit business operators.
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Published: 08 September, 2022
Businesses are facing a brutal decision this winter: charge customers to keep the lights on, or risk going bust under eye-watering energy bills.
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Published: 31 August, 2022
UKHospitality (UKH)chief executive Kate Nicholls has written an urgent letter to the UK government, outlining the potential disaster facing thousands of businesses in light of the energy crisis.
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Published: 08 August, 2022
The national accountancy group, UHY Hacker Young, has revealed that a record 64% of the UK’s top 100 restaurant companies are now making a loss.
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UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406 in the past year as rising inflation and labour shortages drive restaurants out of business.
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Published: 13 April, 2022
According to the latest data from Lumina Intelligence, consumer spending in the on-trade has declined by -9%, in the 12 weeks ending 20/03/2022.
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Published: 23 February, 2022
On Monday, Prime Minister Boris Johnson announced his ‘Living with Covid plan’, which will see England end all of its remaining legal coronavirus rules on Thursday, including contact tracing.
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Published: 28 January, 2022
Sales of alcohol in the on-trade have continued to lag behind the levels seen in 2020, according to the latest CGA Drinks Recovery Tracker, yet a resurgence is forecast as Plan B restrictions come to an end this week.
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Published: 04 January, 2022
New figures from UKHospitality show that pubs, bars and restaurants lost £10,335 on average in the week leading up to Christmas, due to fears over the new Covid-19 variant.
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Published: 21 December, 2021
New figures released by UKHospitality indicate that a normally buoyant – and vital – month is set to be a disaster for the hospitality sector.
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Published: 10 November, 2021
Consumers are increasingly dining out with more going to restaurants, pubs and bars, the latest update to the Lumina Intelligence UK Eating Out Market Report 2021 has found.
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Published: 26 October, 2021
Jo Gilbert reports from last month’s Casual Dining Show, where the FutureFoodservice report, The Rebuilding of Hospitality, predicted the shift of the sector towards faster, ‘social re-fuelling’ occasions
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Published: 25 October, 2021
Over 200 hospitality CEOs have signed a letter urging the Chancellor Rishi Sunak to permanently keep VAT at 12.5%.
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