Scotland’s pubs, bars, restaurants and hotels face an unprecedented cocktail of challenges, according to the most recent Scottish Licenced Trade Association (SLTA) survey.
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Harpers caught up with some of the leading experts in the trade to share their top predictions for 2023.
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The industry has welcomed the news that government will expand its help for businesses with their energy bills, with subsidies set to cover contracts going back to December 2021.
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The latest insolvency figures show just how hard the hospitality industry has been affected by the cost-of-living crisis and soaring energy bills, with pubs, bars and restaurants some of the worst hit among UK businesses.
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The six-month energy cap unveiled by the Prime Minister yesterday has been met with a smattering of optimism among businesses. Though predictably, the resounding consensus from many corners of the trade is that the measure does not nearly go far enough in limiting the impact of exorbitant energy costs.
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New Prime Minister Liz Truss has announced there will be a six-month scheme for businesses to tackle the soaring costs of energy bills.
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Businesses are facing a brutal decision this winter: charge customers to keep the lights on, or risk going bust under eye-watering energy bills.
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Lebanese winery IXSIR has called on exporters to help boost sales of its products abroad, as the country continues to fight ongoing crippling inflation and energy shortages.
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A £15bn package aimed at helping households deal with inflation and the rising cost of energy bills comes just one day after the Sue Gray report was published – a move that has prompted critics to question the rationale and timing of the sudden windfall for British consumers. Also, they ask, where is the support for business?
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This year 2021 saw a partial recovery of global consumption after the doldrums of 2020, the OIV said in its latest update. However, 2022’s outlook is looking increasingly uncertain due to the turbulence posed by the global supply chain crisis, the war in Ukraine and mounting energy prices.
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Treasury Wine Estates’ (TWE) brands are joining the RE100 global renewable power initiative, a move which will see the company switch to 100% renewable electricity by 2024 across its global operations.
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Sustainability initiatives shouldn’t be regarded as a post-Covid pipe dream, the WSTA’s chief executive has said. They are now a vital component of what consumers and investors expect businesses to offer.
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Catalonia-based wine producer Familia Torres has hit its target of reducing carbon emissions by 30%, when measured against levels in 2008, a year early.
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Major investment by Lanchester Wine Cellars in its bottling subsidiary Greencroft is to see production boosted from 100 million litres in 2018 to a capacity of between 3-400 million litres by early 2020.
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