Energy costs accounting for a third of restaurant bills
A third (33%) of a diner’s restaurant bill is going towards paying the venue’s energy costs, according to research from comparison service Uswitch for Business. Energy bills (63%) topped a long list of concerns in a survey of restaurateurs across the UK, followed by rent costs (30%), retaining customers (27%) and product inflation (26%). Thirty […]
‘This is far harder than Covid’: hospitality struggles with energy bill support cut
Hospitality operators are warning of “mass closures” with “harder times than Covid ahead” following a cut in energy bill support earlier this month. The warning comes after the government’s Energy Bill Relief Scheme, which provided £18bn to help businesses with rapidly rising costs, ended on 1 April. It was replaced with the Energy Bill Discount […]
What is the UK inflation rate and why is the cost of living rising?
The rate at which prices are rising has unexpectedly gone up, after falling for three months in a row. Shortages of salad and other vegetables helped push food prices to a 45-year high. To help slow prices, the Bank of England has put up interest rates 11 times in a row, to 4.25%, What does inflation […]
