Catering Market 2007
Key Note Publications Ltd, March 2007
The UK catering market grew by an estimated 4% in 2006 to £30.91bn at retail selling prices (rsp). The industry as covered by Key Note includes the following markets: restaurants; fast food and takeaways; contract catering and foodservice management; hotels; public houses; licensed clubs; and holiday camps/villages and caravan/camping sites. In 2006, the fastest-growing market was public houses, followed by restaurants. However, all markets demonstrated some growth during the year.
The catering industry is gearing up for the Government's smoking ban, which will be introduced across the UK by July 2007. The ban already applies in Scotland and its impact there suggests that large pubs serving high volumes of good food at attractive prices can benefit from it, although smaller pubs, with limited food capacity and a bias towards beer sales might suffer. To minimise the adverse impact of the smoking ban, many pub operators are developing their gardens and outside sheltered areas. Others aim to widen the social appeal of their pubs in order to attract new, casual dining customers, who currently avoid pubs because of tobacco smoke.
Many leading organisations in the catering industry, including most of the large pub companies, are investigating the opportunities provided by the Real Estate Investment Trusts (REIT) legislation, which came into effect in January 2007. REITs are tax-efficient investment vehicles that enable companies to set up, develop, manage and sell real-estate assets. They also allow participants to invest in a portfolio of properties. If the leading pub companies do not convert to REIT status, they could become bid targets from private-equity companies.
The UK catering industry continues to undergo a considerable amount of merger and acquisition activity. This was a particular feature of the public houses sector in 2006, although it has also occurred in most other sectors, including restaurants, contract catering, hotels and licensed clubs. In some of these markets, competition for acquisitions has pushed prices up to such high levels that future opportunities for consolidation activity might be limited.
Key Note forecasts that the UK catering market will produce further steady growth over the period to 2011. The UK economy is expected to remain favourable, a strong tourist market should help boost sales, and the expansion and refurbishment plans of many of the leading operators should add to the appeal and attractiveness of the various types of catering outlet. Slightly uncertain at present is the reaction of consumers to the smoking ban and the forecast drop in the number of young people in the population, which could have a negative impact on some markets.
1. Industry Overview
REPORT COVERAGE
REPORT BACKGROUND
ECONOMIC TRENDS
Gross Domestic Product
Table 1.1: UK Gross Domestic Product at Current and Annual Prices (£m), 2001-2005
Population
Table 1.2: UK Resident Population Estimates by Sex (000), Mid-Years 2001-2005
Inflation
Table 1.3: UK Rate of Inflation (%), 2001-2005
Unemployment
Table 1.4: Actual Number of Unemployed Persons in the UK (million), 2001-2005
Household Disposable Income
Table 1.5: UK Household Disposable Income Per Capita (£), 2001-2005
MARKET SIZE
Table 1.6: The Total UK Catering Market by Value at Current Prices (£m at rsp), 2002-2006
MARKET SEGMENTATION
Table 1.7: The Total UK Catering Market by Individual Market by Value at Current Prices (£m at rsp), 2002-2006
Market Shares
Table 1.8: The Total UK Catering Market by Individual Market by Value at Current Prices (%), 2002-2006
INDUSTRY STRUCTURE
Industry Synopsis
Table 1.9: The UK Catering Industry — Key Financial Indicators (£000, % and £), Latest Financial Years
Number of UK Businesses
Table 1.10: Analysis of UK VAT-Based Enterprises Engaged in Catering and Allied Trades by Sector of Activity (number and %), 2005 and 2006
Table 1.11: Analysis of UK VAT-Based Enterprises Engaged in Catering and Allied Trades by Turnover Sizeband (£000 and %), 2005 and 2006
Employment
Table 1.12: Number of Employees in Catering and Allied Trades Sectors in Great Britain (000), 2001-2005
MARKET POSITION
Table 1.13: Household Consumption Expenditure in Selected Areas at Current Prices (£m), 2001-2005
KEY TRENDS
Restaurants
Fast Food and Takeaways
Contract Catering and Foodservice Management
Hotels
Public Houses
Other Catering Markets
LEGISLATION
Smoking Ban
Food Safety Act
Employment Equality (Age) Regulations 2006
Labour-Related Legislation
The Immigration, Asylum and Nationality Bill
New Legislation
KEY TRADE ASSOCIATIONS
British Beer and Pub Association
British Hospitality Association
HOTREC
2. PEST Analysis
POLITICAL FACTORS
ECONOMIC FACTORS
SOCIAL FACTORS
TECHNOLOGICAL FACTORS
3. Key Note Primary Research
INTRODUCTION
Table 3.1: Popular Occasions for Eating Out (% of respondents), 2004-2006
OCCASIONS FOR EATING OUT
During Special Occasions and While on Holiday
Table 3.2: Adults Who Eat Out During Special Occasions and Get-Togethers, or While Away on Holiday, by Sex, Age, Social Grade and Region (% of respondents), 2006
While Shopping and For Snacks Between Meals
Table 3.3: Adults Who Eat Out While Shopping or For Snacks Between Meals by Sex, Age, Social Grade and Region (% of respondents), 2006
Before or After Going to the Cinema/Theatre or the Pub
Table 3.4: Adults Who Eat Out Before or After Going to the Cinema/Theatre, or Before or After Going to the Pub in the Evening, by Sex, Age, Social Grade and Region (% of respondents), 2006
At Airports, Motorway Service Areas and Railway Stations
Table 3.5: Adults Who Eat Out at Airports, Motorway Service Areas or Railway Stations by Sex, Age, Social Grade and Region (% of respondents), 2006
At Sunday Lunchtimes and For Weekday Breakfasts
Table 3.6: Adults Who Eat Out at Sunday Lunchtimes or For Weekday Breakfasts by Sex, Age, Social Grade and Region (% of respondents), 2006
4. Competitive Structure
THE MARKETPLACE
Restaurants
Contract Catering
Hotels
Public Houses
Night Clubs
MARKET LEADERS
Table 4.1: Top Ten Catering Companies by Turnover and Pre-Tax Profit (£m), 2005/2006
Compass Group PLC
Company Structure
Financial Results
Table 4.2: Compass Group PLC — Financial Performance (£m and %), Years Ending 30th September 2004-2006
Ladbrokes PLC
Company Structure
Financial Results
Table 4.3: Ladbrokes PLC — Financial Performance (£m and %), Years Ending 31st December 2003-2005
Mitchells & Butlers PLC
Company Structure
Financial Results
Table 4.4: Mitchells & Butlers PLC — Financial Performance (£m and %), Years Ending 25th September 2004, 1st October 2005 and 30th September 2006
Whitbread PLC
Company Structure
Financial Results
Table 4.5: Whitbread PLC — Financial Performance (£m and %), Years Ending 4th March 2004, 3rd March 2005 and 2nd March 2006
Punch Taverns PLC
Company Structure
Financial Results
Table 4.6: Punch Taverns PLC — Financial Performance (£m and %), Years Ending 21st August 2004, 28th August 2005 and 19th August 2006
McDonald's Restaurants Ltd
Company Structure
Financial Results
Table 4.7: McDonald's Restaurants Ltd — Financial Performance (£m and %), Years Ending 31st December 2003-2005
Enterprise Inns PLC
Company Structure
Financial Results
Table 4.8: Enterprise Inns PLC — Financial Performance (£m and %), Years Ending 30th September 2004-2006
JD Wetherspoon PLC
Company Structure
Financial Results
Table 4.9: JD Wetherspoon PLC — Financial Performance, (£m and %), Years Ending 25th July 2004, 24th July 2005 and 30th July 2006
Greene King PLC
Company Structure
Financial Results
Table 4.10: Greene King PLC — Financial Performance (£m and %), Years Ending 2nd May 2004, 1st May 2005 and 30th April 2006
InterContinental Hotels PLC
Company Structure
Financial Results
Table 4.11: InterContinental Hotels PLC — Financial Performance (£m and %), Years Ending 31st December 2003-2005
Other Companies
BurgerKing Ltd
Financial Results
De Vere Group Ltd
Financial Results
Luminar PLC
Financial Results
Millennium & Copthorne Hotels PLC
Financial Results
PizzaExpress Ltd
Financial Results
The Restaurant Group PLC
Financial Results
Sodexho Ltd
Financial Results
Spirit (SGL) Ltd
Financial Results
Thistle Hotels Ltd
Financial Results
Marstons PLC (The Wolverhampton & Dudley Breweries PLC)
Financial Results
Yum! Brands Inc
Financial Results
OUTSIDE SUPPLIERS
MARKETING ACTIVITY
Table 4.12: Main Media Advertising Expenditure in the UK Catering Market (£000), Years Ending September 2005 and 2006
5. Restaurants
DEFINITION
KEY TRENDS
MARKET SIZE
Table 5.1: The UK Restaurants Market by Value at Current Prices (£m at rsp), 2002-2006
MARKET SEGMENTATION
Pub Restaurants
Table 5.2: The UK Pub Restaurants Sector by Value at Current Prices (£m at rsp), 2002-2006
Roadside Restaurants
Table 5.3: The UK Roadside Restaurants Sector by Value at Current Prices (£m at rsp), 2002-2006
Other Restaurants
Table 5.4: The UK `Other Restaurants' Sector by Value at Current Prices (£m at rsp), 2002-2006
SUPPLY STRUCTURE
Number of UK Businesses
Table 5.5: Number of UK VAT-Based Enterprises Engaged as Restaurants, Cafés and Takeaways, 2002-2006
By Turnover
Table 5.6: Analysis of UK VAT-Based Enterprises Engaged as Restaurants, Cafés and Takeaways by Turnover Sizeband (number), 2002-2006
Table 5.7: Analysis of UK VAT-Based Enterprises Engaged as Restaurants, Cafés and Takeaways by Turnover Sizeband (%), 2002-2006
Employment
Table 5.8: Number of Employees in the Restaurant Industry in Great Britain (000), 2001-2005
Table 5.9: Analysis of UK VAT-Based Local Units Engaged as Restaurants, Cafés and Takeaways by Employment Sizeband (number and %), 2006
MAJOR PLAYERS
Ask Restaurants Ltd
Luminar PLC
Mitchells & Butlers PLC
Nando's Chicken Ltd
Paramount Ltd
The People's Restaurant Group Ltd
PizzaExpress Ltd
The Restaurant Group PLC
Spirit (SGL) Ltd
Town Centre Restaurants Ltd
Tragus Holdings Ltd
Whitbread PLC
MARKETING ACTIVITY
Table 5.10: Selected Main Media Advertising Expenditure on Restaurants by Brand (£000), Year Ending September 2006
BUYING BEHAVIOUR
Table 5.11: Adults Who Have Been Out for a Meal in a Restaurant in the Last 12 Months by Sex, Age, Social Grade and Region (%), 2006
Table 5.12: Frequency of Restaurant Visits in the Last 12 Months (% of adults), 2006
Table 5.13: Users of Restaurants in the Last 3 Months by Type of Restaurant (% of adults), 2006
FORECASTS 2007 TO 2011
Table 5.14: The Forecast UK Restaurants Market by Value at Current Prices (£m at rsp), 2007-2011
6. Fast Food and Takeaways
DEFINITION
KEY TRENDS
MARKET SIZE
Table 6.1: The UK Fast-Food and Takeaways Market by Value at Current Prices (£m at rsp), 2002-2006
MARKET SEGMENTATION
Sandwiches
Table 6.2: The UK Sandwich Sector by Value at Current Prices (£m at rsp), 2002-2006
Burgers
Table 6.3: The UK Burgers Sector by Value at Current Prices (£m at rsp), 2002-2006
Fish and Chips
Table 6.4: The UK Fish and Chips Sector by Value at Current Prices (£m at rsp), 2002-2006
Pizza
Table 6.5: The UK Pizza Sector by Value at Current Prices (£m at rsp), 2002-2006
Chicken
Table 6.6: The UK Chicken Sector by Value at Current Prices (£m at rsp), 2002-2006
Other Fast Food and Takeaways
Table 6.7: The UK `Other Fast-Food and Takeaways' Sector by Value at Current Prices (£m at rsp), 2001-2005
SUPPLY STRUCTURE
Number of UK Businesses
Employment
MAJOR PLAYERS
Table 6.8: The UK's Leading Fast-Food and Takeaway Chains by Sector and Number of Outlets, 2006
Sandwiches
Benjys Group Holdings Ltd
Greggs PLC
O'Briens Irish Sandwich Bars (UK) Ltd
Pret A Manger (Europe) Ltd
Subway
Burgers
BurgerKing Ltd
McDonald's Restaurants Ltd
Wimpy Restaurants Group Ltd
Pizza
Domino's Pizza UK & Ireland PLC
Perfect Pizza Ltd
Pizza Hut
Chicken
Kentucky Fried Chicken (Great Britain) Ltd
Other Fast Food and Takeaways
Coffee Shops
Table 6.9: The UK's Leading Coffee Shop Brands by Number of Outlets, 2004, 2005 and 2006
Compass Group PLC
MARKETING ACTIVITY
Table 6.10: Main Media Advertising Expenditure on Selected Fast-Food Brands (£000), Year Ending September 2006
BUYING BEHAVIOUR
Table 6.11: Adults Who Have Eaten Takeaway Foods in the Last 12 Months by Sex, Age, Social Grade and Region (%), 2006
Table 6.12: Frequency of Getting Takeaway Foods in the Last 12 Months by Sex, Age, Social Grade and Region (% of adults), 2006
FORECASTS 2007 TO 2011
Table 6.13: The Forecast UK Fast-Food and Takeaways Market by Value at Current Prices (£m at rsp), 2007-2011
7. Contract Catering and Foodservice Management
DEFINITION
KEY TRENDS
MARKET SIZE
Table 7.1: The UK Contract Catering and Foodservice Management Market by Value at Current Prices (£m at rsp), 2002-2006
MARKET SEGMENTATION
Business and Industry
Table 7.2: The UK Business and Industry Contract Catering and Foodservice Management Sector by Value at Current Prices (£m at rsp and %), 2002-2006
Education
Table 7.3: The UK Education Contract Catering and Foodservice Management Sector by Value at Current Prices (£m at rsp and %), 2002-2006
Public
Table 7.4: The UK Public Contract Catering and Foodservice Management Sector by Value at Current Prices (£m at rsp and %), 2002-2006
Healthcare
Table 7.5: The UK Healthcare Contract Catering and Foodservice Management Sector by Value at Current Prices (£m at rsp and %), 2002-2006
Other Contract Catering and Foodservice Management
Table 7.6: The UK Other Contract Catering and Foodservice Management Sector by Value at Current Prices (£m at rsp and %), 2002-2006
SUPPLY STRUCTURE
Number of UK Businesses
Table 7.7: Number of UK VAT-Based Enterprises Engaged in Catering, 2002-2006
By Turnover
Table 7.8: Analysis of UK VAT-Based Enterprises Engaged in Catering by Turnover Sizeband (number), 2002-2006
Table 7.9: Analysis of UK VAT-Based Enterprises Engaged in Catering by Turnover Sizeband (%), 2002-2006
Employment
Table 7.10: Number of Employees in the Canteen and Catering Industries in Great Britain (000), 2001-2005
Table 7.11: Analysis of UK VAT-Based Local Units Engaged in Catering by Employment Sizeband (number and %), 2006
MAJOR PLAYERS
Aramark Ltd
Avenance PLC
Compass Group PLC
Initial Catering Services Ltd
Sodexho Ltd
WSH Group Ltd
Other Companies
Charlton House Catering Services Ltd
Lindley Catering Ltd
Massarella Catering Ltd
OCS Group Ltd
BUYING BEHAVIOUR
Household Expenditure
Table 7.12: Average Weekly Expenditure by UK Households on Contract Catering, Workplace Meals and School Meals (£), 2000/2001-2004/2005
By Income
Table 7.13: UK Average Weekly Household Expenditure on Contract Catering (Food) and Canteens by Income Decile Group (£), 2004/2005
By Age
Table 7.14: UK Average Weekly Household Expenditure on Contract Catering (Food) and Canteens by Age of Household Reference Person (£), 2004/2005
By Region
Table 7.15: UK Average Weekly Household Expenditure on Contract Catering (Food) and Canteens by Government Office Region (£), 2004/2005
Education
Survey Findings
Healthcare 125
Table 7.16: Standard of Hospital Food in England (number of hospitals and %), 2004-2006
FORECASTS 2007 TO 2011
Table 7.17: The Forecast UK Contract Catering and Foodservice Management Market by Value at Current Prices (£m at rsp), 2007-2011
8. Hotels
DEFINITION
KEY TRENDS
MARKET SIZE
Total Sales
Table 8.1: The UK Hotels Market — Total Sales by Value at Current Prices (£m at rsp), 2002-2006
Corporate Sector
Table 8.2: The UK Hotels Market — Corporate Sales by Value at Current Prices (£m at rsp), 2002-2006
Consumer Sector
Table 8.3: The UK Hotels Market — Consumer Sales by Value at Current Prices (£m at rsp), 2002-2006
Catering Sales
Table 8.4: The UK Hotels Market — Catering Sales by Value at Current Prices (£m at rsp and %), 2002-2006
SUPPLY STRUCTURE
Number of UK Businesses
Table 8.5: Number of UK VAT-Based Enterprises Engaged as Hotels and Motels, 2002-2006
By Turnover
Table 8.6: Analysis of UK VAT-Based Enterprises Engaged as Hotels and Motels by Turnover Sizeband (number), 2002-2006
Table 8.7: Analysis of UK VAT-Based Enterprises Engaged as Hotels and Motels by Turnover Sizeband (%), 2002-2006
Employment
Table 8.8: Number of Employees in the Hotel Industry in Great Britain (000), 2001-2005
Table 8.9: Analysis of UK VAT-Based Local Units Engaged as Hotels and Motels by Employment Sizeband (number and %), 2006
MAJOR PLAYERS
Accor UK Economy Hotels Ltd
Best Western
Choice Hotels Europe
Corus Hotels PLC
De Vere Group PLC
Hilton International
InterContinental Hotels PLC
Jarvis Hotels Ltd
Macdonald Hotels and Resorts Ltd
Millennium & Copthorne Hotels PLC
Premier Travel Inn Ltd
Thistle Hotels Ltd
Travelodge Hotels Ltd
MARKETING ACTIVITY
Table 8.10: Main Media Advertising Expenditure on Hotels by Brand (£000), Year Ending September 2006
FORECASTS 2007 TO 2011
The Total Market
Table 8.11: The Forecast UK Hotels Market — Total Sales by Value at Current Prices (£m at rsp), 2007-2011
Catering Sales
Table 8.12: The Forecast UK Hotels Market — Catering Sales by Value at Current Prices (£m at rsp and %), 2007-2011
9. Public Houses
DEFINITION
KEY TRENDS
MARKET SIZE
The Total Market
Table 9.1: The UK Public Houses Market by Value at Current Prices (£m at rsp), 2002-2006
Public Houses and Pub Restaurants
Table 9.2: Catering Sales by Public Houses and Pub Restaurants by Value at Current Prices (£m at rsp), 2002-2006
SUPPLY STRUCTURE
Number of UK Businesses
Table 9.3: Number of UK VAT-Based Enterprises Engaged as Licensed Clubs and Pubs, 2002-2006
By Turnover
Table 9.4: Analysis of UK VAT-Based Enterprises Engaged as Licensed Clubs and Pubs by Turnover Sizeband (number), 2002-2006
Table 9.5: Analysis of UK VAT-Based Enterprises Engaged as Licensed Clubs and Pubs by Turnover Sizeband (%), 2002-2006
Employment
Table 9.6: Number of Employees in Pubs and Bars in Great Britain (000), 2001-2005
Table 9.7: Analysis of UK VAT-Based Local Units Engaged as Licensed Clubs and Pubs by Employment Sizeband (number and %), 2006
MAJOR PLAYERS
Table 9.8: Selected Leading Pub Operators by Area of Operation and Number of Pubs, 2006
Punch Taverns PLC
Enterprise Inns PLC
Marstons PLC (The Wolverhampton & Dudley Breweries PLC)
Greene King PLC
Mitchells & Butlers PLC
Admiral Taverns Ltd
Spirit (SGL) Ltd
Wellington Pub Company PLC
JD Wetherspoon PLC
Other Companies
Table 9.9: Selected Other UK Public-House Owners by Type of Organisation and Number of Pubs, 2006
MARKETING ACTIVITY
Table 9.10: Main Media Advertising Expenditure on Beer by Brand (£000), Year Ending September 2006
BUYING BEHAVIOUR
Table 9.11: Adults Who Visit Pubs for a Drink or a Meal by Sex, Age, Social Grade and Region (%), 2006
Table 9.12: Frequency of Pub Usage for Drinks or Meals in the Day and in the Evening by Sex (% of adults), 2006
FORECASTS 2007 TO 2011
Table 9.13: The Forecast UK Public Houses Market by Value at Current Prices (£m at rsp), 2007-2011
10. Other Catering Markets
DEFINITION
KEY TRENDS
LICENSED CLUBS
Definition
Market Size
Table 10.1: The Total UK Market for Catering at Licensed Clubs by Value at Current Prices (£m at rsp), 2002-2006
Supply Structure
Major Players
Gala Coral Group Ltd
London Clubs International PLC
Luminar PLC
Novus Leisure Ltd
The Rank Group PLC
Stanley Leisure PLC
Marketing Activity
Table 10.2: Main Media Advertising Expenditure on Nightclubs/Discotheques, Sports/Football Pools/Lottery/Bingo and Clubs/Associations (£000), Year Ending September 2006
Buying Behaviour
Table 10.3: Frequency of Visits to Nightclubs by Sex, Age, Social Grade, Marital Status and Region (% of adults), 2006
Table 10.4: Frequency of Visits to Other Licensed Clubs by Sex, Age, Social Grade, Marital Status and Region, (% of adults), 2006
Forecasts 2007 to 2011
Table 10.5: The Forecast UK Market for Catering at Licensed Clubs by Value at Current Prices (£m at rsp), 2007-2011
HOLIDAY CAMPS/VILLAGES AND CARAVAN/CAMPING SITES
Definition
Market Size
Table 10.6: The UK Market for Catering at Holiday Camps/Villages and Caravan/Camping Sites by Value at Current Prices (£m at rsp), 2002-2006
Supply Structure
Number of UK Businesses
Table 10.7: Analysis of UK VAT-Based Enterprises Engaged as Camping/Caravan Sites by Turnover Sizeband (number), 2002-2006
Table 10.8: Analysis of UK VAT-Based Enterprises Engaged as Camping/Caravan Sites by Turnover Sizeband (%), 2002-2006
Table 10.9: Analysis of UK VAT-Based Enterprises Engaged as Holiday Centres/Villages or Other Self-Catering Accommodation by Turnover Sizeband (number), 2002-2006
Table 10.10: Analysis of UK VAT-Based Enterprises Engaged as Holiday Centres/Villages or Other Self-Catering Accommodation by Turnover Sizeband (number), 2002-2006
Employment
Table 10.11: Analysis of UK VAT-Based Local Units Engaged as Caravan/Camping Sites by Employment Sizeband (number and %), 2006
Table 10.12: Number of UK VAT-Based Local Units Engaged as Holiday Centres/Villages and Other Self-Catering Accommodation by Employment Sizeband (number and %), 2006
Major Players
Bourne Leisure Ltd
Center Parcs (UK) Group Ltd
Pontins Ltd
Marketing Activity
Table 10.13: Main Media Advertising Expenditure on Holiday Resorts (£000), Year Ending September 2006
Forecasts 2007 to 2011
Table 10.14: The Forecast UK Market for Catering at Holiday Camps/Villages and Caravan/Camping Sites by Value at Current Prices (£m at rsp), 2007-2011
11. A Global Perspective
WORLD TOURISM
Table 11.1: International Tourist Arrivals and Receipts (million and $bn), 2001-2005
Table 11.2: The World's Leading Tourism Destinations by International Tourist Arrivals (million and %), 2005
SELECTED CATERING MARKETS
Restaurants
Table 11.3: Share of Household Consumption Expenditure Taken by Restaurants and Hotels in the EU25 Countries (%), 2001-2005
Contract Catering and Foodservice Management
Table 11.4: Estimated Value of the Global Market for Contract Catering and Foodservice Management by Value (£bn and %), 2001-2005
Table 11.5: Shares of the Catering Market Taken by Contractors by Global Region (%), 2005
Table 11.6: The European Catering/Foodservice Market by Meals Served and Contract Caterer Turnover by Country (million, _m and %), 2005
Hotels
Table 11.7: Number of Hotels and Similar Establishments† in the EU25 Countries, 2001-2005
12. The Future
INTRODUCTION
The Economy
Gross Domestic Product
Table 12.1: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2006-2010
Population
Table 12.2: Forecast UK Resident Population by Sex (000), Mid-Years 2006-2010
Inflation
Table 12.3: Forecast UK Rate of Inflation (%), 2006-2010
Unemployment
Table 12.4: Forecast Actual Number of Unemployed Persons in the UK (million), 2006-2010
FORECASTS 2007 TO 2011
Table 12.5: The Forecast Total UK Catering Market by Value at Current Prices (£m at rsp), 2007-2011
Restaurants
Fast Food and Takeaways
Contract Catering and Foodservice Management
Hotels
Public Houses
Other Catering Market
FUTURE TRENDS
Merger and Takeover Activity
Bed Tax
Incoming Tourism Market
Impact of the Smoking Ban
13. Consumer Confidence
METHODOLOGY
KEY FINDINGS THIS QUARTER
THE WILLINGNESS TO BORROW
Confidence Slips Slightly
Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), November 2005-2006
Significantly More Adults Are Willing to Borrow
Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), November 2005-2006
SPENDING FROM SAVINGS
Little Change in Spending from Savings
Table C: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), November 2005-2006
Saving Grows in Relative Importance
Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), November 2005-2006
14. Further Sources
Associations
General Sources
Government Publications
Other Sources
Bisnode Sources
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