Ukhospitality

Business research: a survey from sector trade bodies showed a quarter of businesses are out of cash reserves (image: Getty/claudiodivizia)

1 in 4 firms out of cash

By Nikkie Thatcher

A quarter of businesses have no cash reserves left while less than a third (29%) have under three months’ left, new research has shown.

No money for margin or investment: Kate Nicholls says Government demands are leaving the sector in dire straits

Kate Nicholls: Cost of doing business is too high

By Gary Lloyd

With the Spring Budget approaching, UKHospitality (UKH) chief executive Kate Nicholls has told the Government “the cost of doing business is just too high” and steps must be taken.

What's in the news 2 February?

'I'm flabbergasted at interest rates'

By Ed Bedington

The MA's Ed Bedington caught up with Camerons boss Chris Soley to get his take on the week's news, from government debate to interest rates and pub closures.

Stark figures: almost 23,000 firms lost since December 2022 (Credit: Getty/onfilm)

Almost 23k hospitality firms lost since 2020

By Rebecca Weller

Close to 23,000 licensed businesses across the sector have closed in the last three years, figures from the latest Hospitality Market Monitor have revealed.

Positive step: UKH welcomes measures to ban drip pricing (Credit: Getty/istankov)

UKH welcomes measures to ban drip pricing

By Rebecca Weller

UKHospitality (UKH) has welcomed new Government legislation banning drip pricing as “important features” to help pubs with rooms are excluded from the bill.

Call for help: UKHospitality Scotland has urged the Scottish Government to introduce a 75% business rates relief scheme (image: Getty/selamiozalp)

Scottish venues £110k worse off

By Nikkie Thatcher

A lack of support from the Scottish Government has left hospitality venues more than £100,000 worse off than their counterparts in England, figures have shown.

Ominous escalation: cost of a pint increases by 10% YOY (Credit: Getty/MarioGuti)

Pint prices jump 10% YOY

By Rebecca Weller

The Government “must act to secure the future of pubs” as the average cost of a pint of draught lager in the on-trade soars by more than 10% year-on-year (YOY).

No surprise: UKH urged Gov to mitigate costs for sector to avoid further fuelling inflation (Credit: Getty/The Good Brigade)

UKH: 'inflation rise no surprise'

By Rebecca Weller

Hospitality firms will have “no choice” but to pass further costs onto consumers without “action to mitigate costs”, further fuelling inflation.

Vacancy drop: UKH's Kate Nicholls said the figures were 'encouraging' (Credit: Getty/Hispanolistic)

Vacancies fall by 35k

By Amelie Maurice-Jones

There were 112,000 vacancies in hospitality at the end of 2023, new figures from the Office for National Statistic have revealed.

What's in the news 5 January?

Review of the Week

'We need to go to war on VAT'

By Ed Bedington

The MA's Ed Bedington met up with Oakman Group's Peter Borg-Neal to get his take on the week's news, from a knighthood for Sir Tim through to closures and Christmas trade.

Continued demand: UKH calls for VAT reduction to help boost tourism (Pictured: Kate Nicholls)

UKH calls for VAT cut to boost tourism

By Rebecca Weller

UKHospitality (UKH) has called for the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for hospitality, tourism and leisure businesses.

Christmas come early: RMT confirms members will vote on a new deal (Credit: Getty/Monty Rakusen)

Christmas hopes pinned on rail strikes deal

By Rebecca Weller

Christmas will “come early” for hospitality businesses if RMT members vote in agreement of a new deal that could see the end of rail strikes.

Significant challenge: sector vacancies up by 12,000 (Credit: Getty/Alvarez)

Sector vacancies see ‘surprise increase’

By Rebecca Weller

A “surprise increase” in vacancies across the sector demonstrates the “significant challenge” staff shortages still pose for hospitality firms, trade body UKHospitality (UKH) has said.

(image: Getty/Richard Drury)

Over 4,000 venues start net zero journey

By Nikkie Thatcher

Some 375 hospitality companies, spanning 4,738 sites have signed up to UKHospitality (UKH)’s carbon calculator, which was launched in partnership with the trade body, Zero Carbon Forum and Sky Zero.

Climbing back: Pubs and restaurants weather the storm of summer rain (Getty: Credit/Kar-Tr)

Pub sales growth in August 'encouraging'

By Amelie Maurice-Jones

Pubs overcame wet weather to record almost 5% growth in sales during August, which one trade body celebrated as “encouraging”.

Moving forward: UKH Scotland says business rates action is key to helping the sector (Credit: Getty/ jenifoto)

UKH Scotland calls for business rates action

By Amelie Maurice-Jones

UKHospitality (UKH) Scotland is urging the First Minister to address the multi-million pound hike in business rates that is set to hit hospitality this spring.

Advice given: UKHospitality outlines how operators can renegotiate with energy suppliers (image: Getty/CentralITAlliance)

THE POWER STRUGGLE

Top tips for requesting renegotiation with energy suppliers

By The Morning Advertiser

With energy prices continuing to be operators’ main concern, trade body UKHospitality (UKH) has outlined a number of top tips around renegotiating with suppliers as part of its joint campaign with The Morning Advertiser - The Power Struggle.

What's in the news 25 August?

Review of the Week

'I don't feel represented'

By Ed Bedington

Top chef and pub and bistro operator Gary Usher calls for more passion from lobbyists, greater support for independent businesses, a reduction in VAT and talks about the challenges around recruitment in the MA's Review of the Week.

In the right direction: the NTIA says the drop in inflation is still way off the 2% target (credit: Getty/Jamie Garbutt)

Sector reacts to inflation rate drop to 6.8%

By Gary Lloyd

The Night Time Industries Association (NTIA) has voiced positivity over the fall in the inflation rate to 6.8% but said it is still “significantly” short of the Government’s 2% target.

How can pubs tackle the energy crisis?

The Power Struggle

Act now to tackle the energy crisis

By Ed Bedington

With volatile energy costs and operators locked into sky-high deals, the Morning Advertiser has teamed up with UKHospitality to launch a campaign, The Power Struggle, to ensure the industry is heard loud and clear as part of a consultation process.

Opinions sought: trade bodies are backing a consultation on gambling (credit: Getty/SolStock)

Gov consultation on gaming machines in pubs welcomed

By Gary Lloyd

Pub trade bodies UKHospitality (UKH) and the British Beer & Pub Association (BBPA) have welcomed a consultation by the Government that is seeking views on matters relating to gaming machines in pubs and other venues.

Money streams closed: UKHospitality wonders how serious the Government is about reducing red tape for businesses (credit: Getty/chabybucko)

Extra sales revenue streams for on-trade ended by Gov

By Gary Lloyd

The Government has decided it will end automatic provision for pubs and bars to sell alcohol for off-site consumption and will halt the increased number of temporary event notices (TENs) permitted too.

Obstacles and solutions: Experts give insight into breweries' financial landscape (Credit: Getty/ Klaus Vedfelt)

Brewery sector balanced by ‘optimism and concern’

By Amelie Maurice-Jones

The UK brewery sector is fighting a “toxic cocktail” of soaring costs, business rates, high taxation and Covid-ramifications, but there are silver linings, with many reporting better trade than expected.