The Demand For Takeaways In The Uk Economics Essay

1155 words - 5 pages

The demand for takeaways in the UK
Takeaway has been a concept that originated during ancient times; it is a meal or other food related items that is usually prepared by a fast food restaurant and one’s has to go pick it up or it can be delivered to one’s doorstep. Nowadays takeaways are very common worldwide and especially in the United Kingdom since most of the citizen are always busy and occupied with work.
The demand for takeaways has increased during the last few decades. According to The Caterer, takeaway sales have increased by roughly 54% with the rise of delivery companies. This clearly shows that the increase of new delivery companies such as UberEats, Deliveroo, DoorDash, Just Eat and many others have had a positive impact on increasing the demand for takeaways by more than 50%. The increase in delivery companies has created mobile applications that allow one to easily create an order that could be delivered to them or they would pick it up from the restaurant. It’s simply at one’s fingertips.
This diagram exhibits the takeaway in the United Kingdom has boomed. There is no shock when Northern Ireland is the highest region that spends the most money on takeaways per week and its spending’s have been increasing by 18.8% since 2014; while the South West of the UK spends the least money on takeaways per week, they both spend 12.93 pounds and 5.62 pounds respectively. While London, the most commercial and lively city spends roughly half of Northern Ireland, it spends 8.20 pounds per week. However, the highest employment has been in the North West; whereas the least has been in Northern Ireland, the employment is 29,816 and 7837 respectively. The region that spent the most was London; though the least was North East, they spent 1.4 billion pounds and 0.38 billion pounds on takeaways respectively.
The line graph indicates that incomes for the private sector are expected to increase during 2018 which results in more disposable income. With an increase in disposable income the working class has more money that they can spend on their wants like more luxurious things or entertainment or even takeaways. Overall, the income of the private sector has remained below 4.0 over the last 12 months.
Some restaurants give promo codes to those who order a takeaway. Another reason why demand for takeaways has increased is most restaurants are always giving away discounts and coupons. There are a vast number of websites that provide promo codes, for example Domino’s Pizza gives a 30% off orders over 20 pounds, McDonald’s gives a 2 pound amazon voucher when one purchases meals over 30 pounds and many more offers provided by other restaurants. That means restaurants continuously aim to gain new customers and maintain the existing ones to create customer loyalty that benefit both parties.
Working individuals are always busy as a result they don’t have enough time to cook for others or even for themselves so they tend to buy ready-made food from restaurants or diners. According to the Daily Mail a study has uncovered that majority of British people are turning to takeaways in order to save time and money. In addition, a fraction of the Brits claim that they’d rarely cook a traditional roast or even any other type of food which contributed to a 15.7% decline. Therefore, the working capital usually orders food on the go to in order to not waste their time and spend it effectively while doing other things that are more essential or important to them than cooking.
In recent years more restaurants offer take-out options for high quality dining at home. Thus it has been much more convenient to call the restaurant and place an order that will be prepared for one to pick up on their way home or to work, or even delivered to one’s home; which means that they don’t have to leave the comfort of their couch. According to Holly Ryan the idea that takeaways are cheaper than eating at home is a common myth though many people are likely to believe it. Research conducted online and through mobile takeaway ordering companies, they found more than half of the citizen were buying takeaways rather than cooking at home. This suggests how much more convenient it is to buy takeaways.  Correspondingly, restaurants are much busier nowadays thus there may not be enough seats for all the customers especially during brunch, lunch and dinner which are usually the busiest times during the day.
The above diagram clearly illustrates the takeaway demand for different cuisines have increased between the years 2014 and 2017. According to the graph the Syrian cuisine has been the most popular as it increased by 907% between 2014 and 2017. While the demand for Grill/BBQ cuisine has not been the most popular, it only increased by 390% throughout 2014 to 2017. Whereas the breakfast and desserts only differed by 4% over 2014 to 2017. The sandwiches’ demand increased by 402% through 2014 to 2017.
Similarly, growth in population can cause an increase in demand for takeaways in the UK. The bar chart below shows that the population in the UK has increased during the past 6 years and it’s forecasted to increase at a roughly steady rate for the next 4 years. This is another piece of evidence which proves with the rise in population demand increases.
The rise in demand for takeaways is aiding the UK’s economy by allowing it to develop and thrive. According to federation of fish friers takeaways are supporting more jobs; which means that unemployment is reducing because delivery companies are recruiting a lot of new employees to deliver the takeaways. Moreover, federation of fish friers predict employment to reach 250,000 by 2020 and will rise above 261,000 by 2021. In addition The Guardian states that the unemployment rate has decreased by six percent which also proves that with the rise of these new delivery companies unemployment falls.
Bibliography
(2018) Takeaways deals and codes [Online]. Available from: [Accessed from 09/03/18].
15/10. Available from: < https://www.theguardian.com/business/2014/oct/15/fall-uk-employment-data-economists-say> [Accessed 09/03/2018].
BANK OF ENGLAND AGENTS' SUMMARY (2018) [Online image]. Available from: [Accessed 08/03/2018].
Fastest growing types of takeaway food based on increase in orders in the United Kingdom (UK) between 2014 and 2017 (2018) [Online image]. Available from: [Accessed 10/03/2018].
Holly Ryan  (2015) More than 50 per cent of Kiwis think takeaways the cheaper option. Nz Herald [Online] 22/9. Available from: [Accessed 09/03/2018].
Just Eat (2017) The Takeaway Economy Report [Online]. Available from: [Accessed 11/03/18].
Katey Pigden (2016) Takeaway sales increase by more than 50% with rise of delivery companies [Online]. Available from: [Accessed 10/03/18].
Phillip Inman (2014) Fall in UK unemployment: what the economists say. The Guardian [Online]
Sadie Whitelocks  (2011) Decline of the Sunday lunch: How Brits are too busy to cook traditional roast. Daily Mail [Online] 28/10. Available from: [Accessed 09/03/2018].

RELATED

Ending the Demand for Sex Tourism - SOCY330 Deviance - Essay

1133 words - 5 pages Ending the Demand for Sex Tourism With the issue of sex tourism, it is important to remember that it is like any other market where there are sellers, consumers, and products. The point where it deviates from your usual industry is the degradation of human bodies, minds and the extensive violation of human rights. According to the International Labour Organization (ILO) in 2012 the sex trafficking industry netted an estimated $32 billion, more

DEMAND FOR HEALTH AND MEDICAL CARE - Economics - economics

1819 words - 8 pages Running head: Activity 1: Demand for Health and Medical Care ACTIVITY 1: DEMAND FOR HEALTH AND MEDICAL CARE Do high deductible plans impact the ‘overall’ cost of healthcare? Monica Flores Health Administration Health Care Economics 4104 Activity 1: Demand for Health and Medical Care 2 Do high deductible plans impact the ‘overall’ cost of healthcare? Health care is on the rise and the demand for healthcare is stronger than ever. High

The effect of poverty on children in the UK - harvard university - essay

1196 words - 5 pages poverty if the total household income is 60% less than the average household income in the UK. That’s roughly £15,750 per year. In this report, I will discuss the effects on children’s housing, health, diet, education, and social life who live in families earning less than this small portion of money. Housing Most families in poverty turn to the help of their local council for help when it comes to finding a place to call home. As more and more

Inflation priority of UK macroeconomic policy? - Parmiters School Economics - Essay

1228 words - 5 pages considering objectives such as economic growth. During 2008 and 2010 the UK had inflation above the target as Bank of England were more concerned about recession Summary – Should we aim for low inflation as the primary objective? Since the spikes in inflation during the 1970s and 1980s, many economies have prioritised low inflation as the primary objective of monetary and economic policy. Low inflation has many benefits for an economy; it is seen as

Economics essay on the Commonwealth games 2018 viability - Economics - Essay

1730 words - 7 pages Year 11 Economics Term 3 Analysis by Larissa Perrin from the perspective of the local council The Commonwealth Games is an international multi-sport event where over 70 countries and territories compete to prevail in the tally of medals. In 2018, the Gold Coast will host the games, which span over an 11-day period, marking the 5th games Australia has hosted. The preparations for the games began as early as 2012, when the Gold Coast 2018

Social media has made the uk less democratic - Uni - Essay

2318 words - 10 pages politics for the fact that UK political parties have used social media to make their parties voices heard and slander their opponents, which will be discussed later on in the essay. Social media is also very powerful with the younger people as can become ‘social media influencers’ and this is their job where brands pay them to promote them or send them free items to promote, this goes for clothing brands, shoes, beauty, hotels, restaurants, fitness

The debate whether or not globalization is good for our economy - Economics - Essay

927 words - 4 pages globalization has. In many minds, globalization has been the cause of small cultures to disappear. This is because, of the dominization from English, or Mandarin. However, David Mcdonald, a professor that studies economics at the University of Guelph, states, “Without globalization, it would be very difficult for refugees to flee war-torn countries like modern day Syria and Yemen. Furthermore, we wouldn’t see as much cultural diversification as we do today

Corporate Governance in the UK compared to Japan - Portsmouth University Year 2 - Assignment

1692 words - 7 pages are five principles of UK code which are listed and explained below. Principles Leadership The leadership element of the code states that every company should be controlled by an effective board who are responsible for the long-term success of the company. It also states that the chairman of the company is responsible for the leadership of the board and that non-executive directors should always play a part in strategy of the company. Effectiveness

Education of the twenty first century - Grade 12 English - Demand Essay

1424 words - 6 pages known for its negative connotation, failure is not a challenge but a motivational tool that is highly significant in maintaining equilibrium in higher education. On the other hand, one of the challenges of education is the system of teaching and learning itself. In addition with the challenging side of education is modernity. The advent of modern technology alters the human capacity to think lucidly, learn clearly, and act adeptly. In Education

The Economics of the Clothing Industry - Microeconomics - Essay

2360 words - 10 pages . Supreme is seen all throughout social media when all different artists posts their pictures flaunting in the clothes that we wish we could get our hands on. This relatively boosts the clothings value and demand. This “hoodie” for some is an easy way to make an extra couple hundred dollars, and for others it's another article of clothing to add to their growing collection. These designer items sell out instantly, in fact In 2016 Supreme even

What Does The Earth-Warming-Up Mean For The Winter-Sport Industrial Economics This Century?

1698 words - 7 pages predictions of different scientists, and the consequences of these forecasts. With regards to all the elements, we will be able to know clearly what the Earth warming-up means for the winter-sport Industrial Economics this century.If we analyse different relevant figures related to mountain Industry in France, we can first of all notice the 9,150 million spend by the consumers in this economy. This large sum represents one tenth of the whole tourism

NEW labour in UK and Obama's govermnent - bahcesehir - essay

596 words - 3 pages Comparing the social democratic party in the UK ‘new labour’ (1990-2010) and the modern liberal government of Barack Obama (2009-2016) The both governments intervene to solve the problem of the unemployment in order to achieve an equal society, as The new labour government has attempted to return back the unemployed people to the workplace in 1997 by the new deal program that has been established by the earnings of the windfall taxes that have

Should The UK Join The Euro Or Remain Master Of Its Own Fiscal Destiny. What Are The Arguments For And Against?

3005 words - 13 pages reduced productivity. Thus it can be argued its own government has failed British industry, not the EU policies governing trade. These factors make a strong case for encouraging labour migration with the EU, not fearing it.Peter Blackburn, President of the UK Food and Drink Federation, speaking at the CBI Conference 2000 revealed that the value of goods exported to countries in the European single market fell from 1997 to 1999. However he did

Constitutional Law - The UK and its Constitution - Law - Assignment

3275 words - 14 pages that if there were an appetite for a constitution in a single document, the will of the people ought to be reflected in Parliament and therefore these forewords would have to change, and this change would need to be in high demand. [12: Vernon Bogdanor, ‘Enacting a British Constitution: Some Problems’ (2008) P.L. 38-57.] [13: Nicholas Boyle, ‘In the UK, the Sovereign is the Crown in Parliament’ Financial Times (London, 28 June 2016

Behavioural Economics and the Effects on Retirement Planning Decision Making - University College Dublin, Behavioural Economics (ECON30270) - Essay

1364 words - 6 pages option is that by allowing employees to freely exit the program whenever they want, it helps create a sense of security and comfort for an employee when deciding whether or not to participate. In conclusion, Thaler and Benartzi successfully used the concepts of behavioural economics to launch the Save More Tomorrow program, which was very successful. By recognizing and understanding how employees often make decisions with regards to their