Bank of England

Coverage examines how monetary policy decisions, inflation forecasts, and economic commentary from the UK’s central bank affect the foodservice and hospitality sector, including implications for interest rates, consumer confidence, borrowing costs, and business investment. Reporting is tailored to help operators, finance leads, and decision-makers understand the macroeconomic environment shaping trading conditions and long-term planning.

  • May- 2025 -
    8 May
    NewsBoE cuts interest rates to 4.25%

    BoE cuts interest rates to 4.25%

    The Bank of England (BoE) has cut interest rates to 4.25%, down from the previous rate of 4.5%, marking the fourth rate cut since last year’s peak of 5.25%.  At its meeting ending on 7 May, the bank’s monetary policy committee (MPC) voted by a majority of 5–4 to reduce…

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  • Mar- 2025 -
    20 March
    BusinessBoE holds interest rates at 4.5%

    BoE holds interest rates at 4.5%

    The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023. At its meeting ending on 19 March, the bank’s monetary policy committee (MPC) voted by a majority of 8–1 to maintain the rate at…

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  • Feb- 2025 -
    6 February
    BusinessBoE cuts interest rates to 4.5%

    BoE cuts interest rates to 4.5%

    The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June 2023, but warned that GDP growth has been “weaker than expected”. At its meeting this week, the bank’s monetary policy committee voted by a majority of 7–2 to reduce the…

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  • Dec- 2024 -
    20 December
    Trade AssociationsUKH disappointed in BoE decision to hold interest rates

    UKH disappointed in BoE decision to hold interest rates

    UKHospitality has expressed disappointment in the Bank of England’s decision to hold interest rates at 4.75%, which came after a recent hike in both inflation and wage growth.  At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three…

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  • 19 December
    BusinessBoE holds interest rates at 4.75%

    BoE holds interest rates at 4.75%

    The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth.  At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…

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  • 18 December
    GovernmentInflation hits eight-month high of 2.6% in November

    Inflation hits eight-month high of 2.6% in November

    Inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous month, marking the highest level of inflation in eight months. According to the Office for National Statistics, the main drivers behind the rise were fuel and clothing, where prices rose this…

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  • Nov- 2024 -
    8 November
    News-In-BriefToday’s news in brief – 08/11/24

    Today’s news in brief – 08/11/24

    Krispy Kreme has seen Q3 losses widen to $16m (£12.9m), up from a loss of $2.1m (£1.7m) in the previous year, as the UK market underperformed over the period. It comes as net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m (£328.2m). Despite this, organic sales rose by…

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  • 8 November
    Trade AssociationsUKH welcomes ‘short-term’ fix of interest rates cut

    UKH welcomes ‘short-term’ fix of interest rates cut

    UKHospitality has welcomed the Bank of England’s interest rates cut from 5% to 4.75%, saying it is “positive news in the short-term”, particularly those still struggling with pandemic debt repayments, and consumer confidence. However, the trade body said it believes the benefits of this cut is overshadowed by the looming…

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  • 7 November
    News-In-BriefToday’s news in brief – 07/11/24

    Today’s news in brief – 07/11/24

    Wetherspoon boss Tim Martin has warned of rising prices following the autumn budget, though the pub group intends to “make every attempt to stay as competitive as possible”. It comes as Wetherspoon has reported that LFL sales in Q1 were 5.9% higher than the same period last year, as bar…

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  • 7 November
    NewsBank of England cuts interest rates to 4.75%

    Bank of England cuts interest rates to 4.75%

    The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%.  The bank voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…

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