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.
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Nov- 2025 -6 NovemberNews
BoE holds interest rates at 4% ahead of Budget
The Bank of England (BoE) has voted to keep interest rates steady at 4% ahead of the upcoming Budget announcement on 26 November. The bank’s Monetary Policy Committee (MPC) voted by a majority of five to four to maintain the rate, with four members voting to reduce it by 0.25…
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Oct- 2025 -29 OctoberRestaurants
Incipio Group FY sales rise 22% despite market pressures
Hospitality operator Incipio Group has reported a slight dip in turnover to £25.3m, from £25.9m, in the year to 29 December 2024, despite a 22% rise in like-for-like sales supported by stronger trading across its existing venues and improved profit margins. Adjusted EBITDA fell to £2m from £2.5m the previous…
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22 OctoberRestaurants
Restaurant and hotel prices rise as inflation holds steady at 3.8%
The cost of eating at restaurants and hotel stays rose slightly in the last month as UK inflation remained unchanged at 3.8% in September, according to the latest data from the Office for National Statistics (ONS). Prices within the restaurants and hotels category increased by 3.9% in the year to…
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Sep- 2025 -18 SeptemberBusiness
BoE holds interest rates at 4%
The Bank of England (BoE) has voted to hold interest rates steady at 4% amid concerns around the recent rise in inflation. At a meeting this week, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain the rate, as two members voted to reduce it by…
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Aug- 2025 -7 AugustNews
BoE cuts interest rates to 4%
The Bank of England (BoE) has cut interest rates to 4%, down from the previous rate of 4.25%, marking the fifth rate cut since last year’s peak of 5.25%. At its meeting today (7 August), the bank’s monetary policy committee (MPC) voted by a majority of 5 to 4 to…
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May- 2025 -8 MayNews
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 MarchBusiness
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 FebruaryBusiness
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 DecemberTrade Associations
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 DecemberBusiness
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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