Latest economy

King’s Speech visitor levy plans put hospitality industry in focus

The Government’s latest King’s Speech included plans to allow local authorities in England to introduce overnight visitor levies, often referred to as tourist taxes.

Corporate events bring £19bn to UK economy

Booking.com for business has compiled and analysed the latest industry statistics to reveal the growing economic impact of corporate events in the UK. The

UK events industry value surges to £68.7 billion

UKEVENTS has announced the latest figures from its UK Events Report 2025, revealing that the UK events industry is now worth an estimated £68.7

UK tourism losing ground – VisitBritain “disappointed” with lack of long-term gov funding

International visitors spent an extra £562m due to VisitBritain activity in 2024-25. However, the agency warns the UK is losing ground internationally. The figures

Payroll tax contributions hit £259bn despite falling vacancies

UK workers contributed £258.9bn in PAYE income tax in 2024/25, up 9.1% from £237.3bn the previous year, according to research from the Global Payroll

Business group calls for industry input on visitor levies

High Streets UK has called for businesses to have a voice in designing overnight visitor levies, warning that failure to consult could harm a

UK economy stalls with zero growth in July

The UK economy recorded zero growth in July, according to the latest figures from the Office for National Statistics (ONS), as manufacturing output fell

Tube strikes deal heavy blow to hospitality

London’s hospitality and licensed trade sector is bracing for a major blow this week, as the RMT union’s rolling Tube strikes from September 5

English firms face £2.5bn business rates hike from April 2026

Businesses across England will face a £2.5bn increase in property taxes from April 2026, as inflation and a new government levy combine to raise

Hospitality accounts for over half of job losses since Budget

New ONS data analysed by UKHospitality shows that hospitality has suffered 53% of all UK job losses since the Budget, making it the sector

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