Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Coronation cheers pub trade but worries on energy linger

by May 2, 2023
May 2, 2023
Coronation cheers pub trade but worries on energy linger

Pubs, bars and restaurants are among the UK’s smaller businesses expecting a £180 million boost thanks to extended licensing hours for the coronation weekend, according to Barclays.

Other parts of the economy will fare less well, however, as workers take time off.

Forecasters told Bloomberg that the additional day off next Monday could tip the economy into a minor contraction in the second quarter. “We have penciled in a 0.7 per cent drop in GDP in May with a rebound of a similar magnitude in June,” Dan Hanson, economist at Bloomberg Economics, said.

Beyond the coronation Barclays found that small firms (SMEs) are anticipating an average revenue increase of 10 per cent this quarter year-on-year but almost three quarters say that they were still worried about energy costs.

Colin O’Flaherty, head of SME at Barclaycard, said: “It’s great to see that businesses plan to make the most of the coronation weekend and are hoping to see increases in revenue as consumers take advantage of the long weekend and enjoy eating and drinking out.

“There are still wider concerns for businesses, whether that’s energy prices or underlying cost of living issues. SMEs are the lifeblood of the UK economy and with a series of bank holidays coming up in May it’s more important than ever to make sure we support local businesses at every opportunity.”

Read more:
Coronation cheers pub trade but worries on energy linger

0
FacebookTwitterGoogle +Pinterest
previous post
Cost of living squeeze ‘is holding back’ UK small businesses
next post
Secrets of Success: John Cheney, CEO of Workbooks

You may also like

Scottish fintech, Know-it sets its sights on Australia...

August 16, 2023

UK job vacancies fall at fastest pace since...

December 9, 2024

Amazon invests in the UK’s largest e-HGV fleet,...

January 14, 2025

Spiralling UK tax administration costs blamed on complex...

February 10, 2025

China’s economy beats forecasts but faces looming tariff...

April 16, 2025

Consultation launched into double-taxation of IR35 

April 27, 2023

Investors anticipate SSE’s spending plans amid completion of...

November 11, 2024

How SMEs can utilise payment tech to stay...

October 3, 2022

How to Safely Secure a Construction Site in...

January 13, 2024

Childcare costs ‘soaring by £600-plus a month’ as...

September 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved