""While it encouraging to see insolvency rates decrease, we know that big name brands are struggling and the outlook for 2026 is far from rosy. Retailers and hospitality businesses who had hoped for more support from the Autumn Budget are now facing increased uncertainty. It seems as though the New Year may already see another Government U-turn, this time backing down on plans to scrap business rates relief for pubs that has been in force since the pandemic.""
""This could be a real lifeline for pubs, who have warned of widespread closures due to rising rates. But, the move would still fall short of providing vital support for other hospitality businesses. Christmas is notoriously the hospitality sector's busiest period, but spending was down compared to previous years, which has only added to business pressures. We have already seen early casualties in this sector this month, such as TGI Fridays who recently announced further closures, which sets the year off on shaky footing.""
"UK retail and hospitality business owners breath a sign of relief as statistics released today by The Insolvency Service show that company insolvencies fell to 1,671 in December 2025, a decrease of 10% month-on-month, after facing one of the most challenging years. Wholesale, retail and hospitality traders accounted for 30% of all company insolvencies in the year to November 2025, with 7,145 businesses affected -"
Company insolvencies in the UK fell to 1,671 in December 2025, a 10% month-on-month decrease following a difficult year. Wholesale, retail and hospitality traders made up 30% of company insolvencies in the year to November 2025, affecting 7,145 businesses. Big-name brands remain under strain and some hospitality firms have already announced closures, driven by weaker Christmas spending. Consideration of reversing plans to scrap pandemic-era business rates relief for pubs could provide a limited lifeline, but would not fully address wider hospitality needs. Interest rates have fallen and GDP shows small increases, yet 2026 will require significant planning.
Read at London Business News | Londonlovesbusiness.com
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