Luxury gym chain Third Space muscles up with record revenue ahead of potential sale Leisure Luxury gym operator Third Space has grown its turnover by more than a third, topping £100m for the first time, as City workers flock to the upmarket health club. The gym provider notched a 36 per cent bounce in revenue to £135m in the year to December 2025, while its pre-tax profit rose by more [...]
Hospitality sector blasts Burnham’s uncapped tourist tax Economics The hospitality sector has blasted proposals from Andy Burnham’s government to introduce a fresh tax on tourists. The industry has been left reeling after the government confirmed a new overnight levy on tourists that will have no upper cap. Regional authorities are set to be handed the power to introduce a levy to support regional [...]
New planning rules ‘could blight high streets with empty pubs’ Hospitality Angela Rayner’s attempt to stop pubs being redeveloped into offices and housing could “blight high streets” with empty venues, property experts have warned. The housing secretary has unveiled reforms to planning rules which mean that developers can only turn a pub into housing or an office if there is no reasonable prospect that it can [...]
Rossella: The family business defying the hospitality crisis July 20, 2026 The UK hospitality industry is grappling with an unprecedented crisis. Rising wages, a lack of staff and surging energy bills mean that an estimated 30 per cent of operators are now loss-making, according to UK Hospitality. As restaurants and bars close their doors, it’s estimated that 200 jobs a day are disappearing from the sector. [...]
Tom Kerridge: No good restaurant has ever been run by accountants July 14, 2026 No good restaurant or pub has ever been run by accountants, celebrity chef Tom Kerridge told City AM as he pushes for a VAT cut for hospitality firms. The TV personality and restaurateur has spearheaded lobbying efforts for the government to slash VAT for hospitality companies, a move which he says would offer the struggling [...]
Music venues are in dire straits: V&A show asks how we can help May 28, 2026 As the V&A opens its Lost Music Venues exhibition, James Balmont asks we can save the grassroots institutions under threat A trip to the V&A often conjures up images of great Renaissance sculptures, haute couture and centuries-old tapestries – but those patronising the Kensington institution this summer will find something very different. In Lost Music [...]
Toast the City winner: The Rising Sun on what makes a great pub May 5, 2026 At the inaugural Toast the City Awards, one of the most amazing moments was seeing Sheila Dixon, one half of the husband and wife team behind City pub the Rising Sun, shed a tear as she collected our award for Best Boozer. The Rising Sun is one of those pubs where everyone feels like a [...]
Tax hikes call time on two pubs a day crushing 2,400 jobs May 5, 2026 The government’s bitter round of tax hikes imposed on the hospitality industry is said to have forced the closure of two pubs a day in the first three months of the year in yet another blow to the already bruised sector. Figures from the Beer Bar and Pub Association (BBPA) showed 161 pubs across Britain [...]
Hows Trump’s war in Iran is hitting hospitality April 22, 2026 The hospitality sector has already been hammered by taxes, regulation and minimum wage hikes. Now Trump’s war in Iran is hitting everyone’s discretionary spending, says Sacha Lord I’ve written so much about how Hospitality, not just in London, but across the whole of the UK is suffering right now. I’ve been scathing towards the Chancellor, [...]
Consumer confidence suffers biggest drop in four years amid Iran inflation fears April 20, 2026 Consumer confidence fell at the fastest rate in four years as Brits tightened their purse strings amid fears the Iran war will spike inflation. Brits’ confidence in their spending power fell by three per cent at the start of this year, as it reached its lowest level since 2023 and made the biggest drop since [...]