'hospitality' in Macroeconomics: UK economy, IB Economics

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Why Home Office visa plans will be ‘nail in the coffin’ for UK hospitality | Hospitality industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - January 12, 1:59 AM

Graham Watson's insight:

This article looks at the implications of the government's immigration policy for the hospitality sector, arguing that the rise in salary requirements to get a visa will have significant adverse implications for the sector, further increasing labour shortages and, no doubt, costs.

It will be a sad day were this ever to affect the Woking branch of Pizza Express.

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Business rates could rise by £1.95bn in ‘bleak picture’ for UK retail and hospitality | Retail industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - October 18, 2023 4:31 PM

Graham Watson's insight:

A quick look at an issue that is a perennial concern of businesses - the business rates system. At present, the fact that business rates are index-linked means that they are likely to leap next year to the extent that it imperils the survival of a number of businesses and is passed through in the form of higher costs to consumers, potentially sustaining inflation.

Factor in the loss of state support for some sectors, and it represents the perfect storm for some sectors of the economy, notably hospitality.

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UK economy returns to slender growth as spending in pubs lifts output | Economic growth (GDP) | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - June 14, 2023 12:09 PM

Graham Watson's insight:

The Guardian take on today's growth figures - highlighting the contribution of the hospitality sector to April's 0.2% growth. However, the ONS has also warned that there are some worrying signs in the construction sector, with a slowdown in the sector - so the picture is more mixed than might be the case.

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From www.theguardian.com - May 2, 2023 4:29 AM

Graham Watson's insight:

Positive regional multiplier effect anyone, from Liverpool's hosting of the the Eurovision Song Contest? Factor in the plethora of Bank Holidays and it seems that it should be a good month for the hospitality sector.

privileged's curator insight, May 8, 2023 6:51 PM

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From www.bbc.co.uk - December 31, 2022 6:11 AM

Graham Watson's insight:

Presumably the last BBC business post of the year focuses on the impact of the cost of living crisis on the hospitality sector, and the New Year's Eve celebration. In short, we're all cutting back and the hospitality sector, in particular, is suffering.

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Pubs and restaurants expect rail strikes to hit third of Christmas bookings | Hospitality industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - December 9, 2022 1:02 AM

Graham Watson's insight:

Another blow for the hospitality sector, with rail strikes arguably going to cost the sector £1.5bn with a slew of cancellations, at a time when restaurants are already struggling.

That and the prospect of households reining in their spending during a cost of living crisis mean that the short-term looks bleak.

frankline's curator insight, January 24, 2023 8:25 PM

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From www.theguardian.com - November 6, 2022 3:37 AM

Graham Watson's insight:

The cost of living crisis explained in terms of its impact on leading restaurant and cafe chains - prices up across the board, with Nandos seemingly the group that has changed its prices by the greatest amount.

frankline's curator insight, January 24, 2023 9:14 PM

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UK hospitality sector declines at fastest pace since lockdown | Hospitality industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - October 20, 2022 3:02 AM

Graham Watson's insight:

Hold onto your hats - the latest data suggests that the hospitality sector is declining at its fastest rate since the lockdown, according to Lloyds tracker of economic activity.

That said, five of the 14 sectors followed have reported growth in September, but that's nowhere near a majority, and if you believe it's a leading indicator, then it doesn't suggest that economic growth is going to pick up any time soon.

frankline's curator insight, January 24, 2023 9:33 PM

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‘People want to put Covid behind them’: UK pubs hopeful as drinkers return | Hospitality industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - January 28, 2022 3:25 PM

Graham Watson's insight:

Is there light at the end of the tunnel for the hospitality sector: certainly UK pubs are hopeful that drinkers will return to them from Monday, with the end of Plan B restrictions.

As result of the last lockdown, the Omicron lockdown, pub sales were down by 12% relative to pre-pandemic levels but nearly 25% in London, and the sector are hoping for a reduction in VAT on hospitality.

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Second ‘lost Christmas’ for UK hospitality as Omicron hits sales | Hospitality industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - January 13, 2022 10:26 AM

Graham Watson's insight:

The extent to which the coronavirus pandemic has adversely affected the hospitality sector is laid bare in the Guardian article that highlights the second 'lost' Christmas - and potentially £3bn in lost sales.

Factor in a pre-Christmas slump and some firms are worried about their ability to see out the first quarter of 2022, and, of course, this has implications for economic growth.

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From www.theguardian.com - December 17, 2021 5:25 AM

Graham Watson's insight:

Not much in the way of theory but a fascinating look at policymaking in the current environment and the issues that divide the Prime Minister and the Chancellor.

The other thing of note is the fact that we might be looking at another form of furlough scheme, even if only for the hospitality sector, although it seems as though the Treasury are doing their level best to avoid this.

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‘Having to close would be a disaster’: Omicron is ominous for hospitality | Hospitality industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it

From www.theguardian.com - November 30, 2021 2:40 AM

Graham Watson's insight:

A fairly blunt assessment of the implications of another lockdown for the hospitality sector in today's Guardian, with one Lancashire pub speaking for all in the sector.

Another Christmas lockdown would be difficult to take, given the sector's reliance on this time of year for revenue.

divine's curator insight, December 19, 2021 2:00 PM

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Macroeconomics: UK economy, IB Economics

‘A cut-and-paste budget’: UK businesses attack lack of help from chancellor | Hospitality industry | The Guardian

Short-staffed sectors in UK respond to measures to cut net migration | Migration | The Guardian

Hospitality sector 'anxious' over summer staffing

Immigration can help keep down UK inflation, says IMF deputy

Retail sales in Great Britain rise as shoppers turn to secondhand items | Retail industry | The Guardian

Pubs struggle to retain staff after Brexit and Covid ‘double whammy’ | Brexit | The Guardian

How our High Streets changed over the Covid lockdowns

‘We need help now’: UK hospitality warns of ‘tidal wave’ of closures as crises loom | Business | The Guardian

Number of firms in critical financial distress rises sharply

UK business growth hits 11-month low as Omicron chills service sector | Economics | The Guardian

‘It’s been annihilated’: businesses hard hit by plan B falloff in trade | Coronavirus | The Guardian

Omicron: How will Plan B affect the economy?

‘There is nothing that hasn’t gone up’: how rising costs are hitting UK businesses | Inflation | The Guardian

Why Home Office visa plans will be ‘nail in the coffin’ for UK hospitality | Hospitality industry | The Guardian

Business rates could rise by £1.95bn in ‘bleak picture’ for UK retail and hospitality | Retail industry | The Guardian

UK economy returns to slender growth as spending in pubs lifts output | Economic growth (GDP) | The Guardian

Liverpool predicted to get £40m Eurovision boost in visitor spending | Eurovision | The Guardian

New Year's Eve parties hit by rail strikes and cost of living

Pubs and restaurants expect rail strikes to hit third of Christmas bookings | Hospitality industry | The Guardian

UK restaurant and coffee prices rise by up to 26% in two years | Inflation | The Guardian

UK hospitality sector declines at fastest pace since lockdown | Hospitality industry | The Guardian

‘People want to put Covid behind them’: UK pubs hopeful as drinkers return | Hospitality industry | The Guardian

Second ‘lost Christmas’ for UK hospitality as Omicron hits sales | Hospitality industry | The Guardian

Rishi Sunak faces fiscal dilemma after rare political misstep | Rishi Sunak | The Guardian

‘Having to close would be a disaster’: Omicron is ominous for hospitality | Hospitality industry | The Guardian