The accommodation and food services sector activities grew by 8.6% in February 2022 and was the main contributor to the service industry’s growth in that month, official figures have revealed.
Chancellor of the Exchequer Rishi Sunak has warned Russia’s invasion of Ukraine heeds economic uncertainty for the UK despite a slight growth in January.
The hospitality sector has made a “significant contribution” to the latest Office of National Statistics (ONS) figures that showed that the UK economy grew by 4.8% in Q2 2021 as coronavirus restrictions were lifted.
GDP figures published by the Office for National Statistics (ONS) show the UK economy contracted by 9.9% in 2020 – the largest annual slump in more than 300 years.
Though not enough to reverse the damage caused by the ongoing pandemic, the UK's economy saw record growth of 15.5% from July to September according to latest figures.
Business investment in the hospitality sector fell by 68.8% year-on-year in Q2 as coronavirus continued to stifle the economy, according to data from specialist tax relief consultancy Catax.
The Government has said the decision to implement the 10pm curfew on hospitality businesses including pubs “strikes a balance between the economy and saving lives”.
The UK economy could receive the massive money boost from pints bought during England’s clash with Croatia in the World Cup semi-finals, it has been predicted.
While beer sales may be the lowest since 2013, spending in pubs through the first month of 2018 saw double-digit growth, as Brits ditched Dry January and sought to cure the new year blues with meals and evenings out with friends and family.
Six months on from the beer duty cut, confidence is growing in the pub sector – that’s according to new figures from the British Beer and Pub Association (BBPA).
Cider industry leaders have urged the government to abandon the duty escalator on cider at the NACM parliamentary reception at the House of Commons on Tuesday.
Could you run this Warrington pub? The Hawthorne is a thriving community sports pub in Warrington, showing live sport each day, along with live music every...