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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Jan- 2020 -14 JanuaryBusiness Bites
Javid mulls three-year passenger duty holiday for Flybe
Things are not looking rosy for low-cost airline, Flybe, but the chancellor Sajid Javid may have some proposals that save it from complete collapse. It is reported this morning that he is considering cutting air passenger duty on all domestic flights – a big boon for all the other airlines…
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9 JanuaryBusiness Bites
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too old” the…
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Dec- 2018 -4 DecemberBusiness
Food prices could rise 10% post-Brexit according to Bank governor
Food prices could rise by 10% following an “extreme” Brexit, according to Bank of England governor Mark Carney. Carney said that a softer Brexit would still see food prices rise by around 6% with Bank of England colleague Jon Cunliffe saying that the UK imports about half of its food…
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Nov- 2018 -1 NovemberBusiness
Bank of England puts hold on interest rates due to Brexit uncertainty
The Bank of England has placed interest rates on hold following growing uncertainty around Brexit. A vote to leave rates unchanged held by the bank’s Monetary Policy Committee (MPC) was in favour of leaving rates at 0.75% by 9-0. Financial markets are currently indicating that rates will not rise until…
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Aug- 2018 -13 AugustBusiness
Hospitality consumer spending increases 2.5% in July
Consumer spending in the hospitality sector increased by 2.5% in July, according to Visas’ UK Consumer Spending Index. The group said the warmer weather supported solid increases in spend across food and drink and hotels, restaurants and bars categories. However, overall household spending dropped 0.9% in July due to “disappointing…
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Jul- 2018 -5 JulyBusiness
England/Colombia World Cup win scores UK a £1.3bn economy boost
England’s penalty shootout victory against Colombia has given the UK economy a £1.33bn boost according to new figures. The figures from the Centre for Retail Research (CRR) show that the UK will benefit from a £2.72bn boost if England make the final. It is thought that the majority of the…
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