GDP

Deliveroo to be acquired by US rival DoorDash in £2.9bn deal

Deliveroo has announced it has agreed to a £2.9bn takeover deal from US delivery platform rival Doordash. The delivery giants…

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Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part…

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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…

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April cost hikes may force 70% of hospitality firms to cut jobs

A survey by hospitality trade associations has revealed that rising employment costs and reduced rates relief in April will force…

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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…

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How hospitality saved November and why it needs saving in April

The Office for National Statistics’ November 2024 GDP numbers highlight how important the hospitality industry is to the UK economy.…

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Today’s news in brief – 16/01/25

Individual Restaurants has reported “record” Xmas sales growth of 14% across its portfolio of brands Piccolino, Riva Blu, and Restaurant…

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Hospitality helps drive economic growth in November

Food and beverage was the highest performing sector of the economy in November, according to November GDP estimates released by…

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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…

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Licensed premises rise 0.7% in Q3 despite budget pessimism

The number of licensed premises have risen for a second successive quarter by 0.7% between July and September, according to…

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