Bank of England

BoE holds interest rates at 5%

The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…

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Today’s news in brief – 18/09/24

Comptoir Group has seen its loss after tax widen to £1.7m in H1, despite reporting a revenue rise of 7.4%…

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Restaurants and hotels help keep inflation steady at 2.2% in August

The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of…

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IoH partners with BoE to help businesses combat counterfeit notes

The Institute of Hospitality (IoH) has become a strategic partner of the Bank of England’s Banknote Checking Scheme, a free…

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BoE cuts interest rates for first time in 4 years

The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling…

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JD Wetherspoon offloads 26 pubs as it posts healthy LFL sales

JD Wetherspoon has revealed it has sold or surrendered a total of 26 pubs so far this year and has…

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BoE holds interest rates for 7th consecutive month

Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced.  The bank’s…

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Are we really out of the woods?

For most of us in hospitality: the last nine to 12 months have been very challenging indeed. One well known…

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Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April,…

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Pubs see increased spending in Sept as restaurants struggle

Spending in pubs increased 6.1% in September, compared with a 2.8% increase last month driven by the Rugby World Cup,…

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