Bank of England

Can catering SMEs weather the supply storm?

Using the words of Nando’s, restaurants have had “a bit of a mare” recently amid an increase in supply chain…

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UK suffers record 9.9% GDP slump

GDP declined by 9.9% in 2020, a figure which is more than double of what was recorded in 2009 after the…

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Chancellor extends furlough scheme to March

Chancellor Rishi Sunak has announced that the furlough scheme will be extended until the end of March, amid increased measures…

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Accommodation and food service sectors see 53% drop in insolvencies

The accommodation and food services sectors have seen a 53% drop in insolvencies from May to July 2020, compared to…

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Seven ways for catering businesses to become Covid-compliant

The economic impact of COVID-19 on the hospitality industry is enormous, with thousands of operations shut down since 23 March…

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BBPA welcomes expanded CBILS loan amount but calls for further SME support

The British Beer and Pub Association (BBPA) has welcomed the extension of the maximum loan size available through the Coronavirus…

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Chancellor considering 100% guarantee on small business loans

Chancellor Rishi Sunak is reportedly considering offering a 100% guarantee on loans to small businesses of up to £25,000.  According…

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Greggs taps £150m from government

Greggs will receive £150m in funds from the Bank of England amid the ongoing coronavirus crisis, the bakery chain has…

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New bank of England boss promises fresh measures to fight Covid-19

The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic…

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Chancellor extends rent holidays to all hospitality businesses

All hospitality businesses are eligible for a one-year business rates holiday after the chancellor, Rishi Sunak, announced a series of…

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