CBI

  • Dec- 2024 -
    24 December
    GovernmentUKH calls on gov to rethink approach to NIC changes

    UKH calls on gov to rethink approach to NIC changes

    UKHospitality has called on the government to “rethink its approach” to upcoming changes to National Insurance contributions, warning that proper consultation and engagement is needed before the changes are implemented next year. It comes as revised figures from the Office for National Statistics yesterday showed that the UK economy had…

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  • Sep- 2024 -
    18 September
    RestaurantsRestaurants and hotels help keep inflation steady at 2.2% in August

    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 England’s target of 2%.It follows downward contributions from hotels and restaurants, with costs in the segment falling to 4.4% in the month, down from 4.9% in the year to July,…

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  • Aug- 2022 -
    26 August
    GovernmentCBI calls for emergency grant to tackle energy crisis

    CBI calls for emergency grant to tackle energy crisis

    The Confederation of British Industry (CBI) with business groups has called for the Government to introduce Covid-style emergency grants and a cut in VAT as part of a package of measures to help firms survive spiralling energy costs. New survey data from the CBI reveals the extent to which businesses…

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  • May- 2022 -
    18 May
    Pubs and BarsInflation hits 40-year high

    Inflation hits 40-year high

    UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost of energy bills. The figure, according to the latest figures from the Office of National Statistics (ONS), was up from 7% in March. The ONS said that around 75% of…

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  • Feb- 2022 -
    3 February
    BusinessBoE raises interest rates to 0.5%

    BoE raises interest rates to 0.5%

    The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from 0.25% previously. The BoE Monetary Policy Committee (MPC) confirmed it voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Interestingly, it revealed those…

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  • 3 February
    BusinessEnergy price cap to rise 54% from April

    Energy price cap to rise 54% from April

    Hospitality bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase by 54% from 1 April amid a “record” increase in global gas prices, in a move that is set to affect approximately 22 million customers. Energy regulator Ofgem announced that…

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  • Jan- 2022 -
    14 January
    BusinessUK economy surpassed pre-Covid levels in November

    UK economy surpassed pre-Covid levels in November

    Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November 2021, according to the latest Office for National Statistics (ONS) data. In the latest release, output in consumer-facing services grew by 0.8%, mainly because of a 1.4% increase in retail…

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  • Sep- 2021 -
    6 September
    BusinessLabour shortages could continue for two-years, CBI warns

    Labour shortages could continue for two-years, CBI warns

    Labour supply problems could last for up to two years and will not be solved by the end of the Job Retention Scheme, the CBI’s director-general, Toby Danker has warned. The warning comes as the CBI’s director-general has set out priorities for both business and government to guard against labour…

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  • Aug- 2021 -
    12 August
    GovernmentUK economy surges 4.8% in June

    UK economy surges 4.8% in June

    The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK, according to figures published by the Office of National Statistics (ONS).  Gross domestic product (GDP) is estimated to have grown for a fifth consecutive month in June 2021, by 1.0%,…

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  • Jun- 2021 -
    15 June
    CoronavirusSunak to reject furlough extension calls despite ‘freedom day’ delay

    Sunak to reject furlough extension calls despite ‘freedom day’ delay

    Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses despite the prime minister announcing a four-week delay to the lifting of restrictions.  According to the Guardian, sources close to the chancellor have said that he believes sufficient…

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