GDP
Reporting focuses on the implications of UK economic growth data for the foodservice and hospitality sector, including how GDP trends affect consumer spending, investor confidence, supply chain stability, and business sentiment. Coverage is designed to help operators, F&B executives, and catering professionals assess macroeconomic conditions that influence trading performance, expansion plans, and long-term resilience.
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Sep- 2024 -19 SeptemberNews
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 first time in four years in August. The bank voted by a majority of 8-1 to keep the rate the same in a bid to help “sustain growth and employment”.…
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Aug- 2024 -1 AugustNews
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 to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…
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Jun- 2024 -20 JuneNews
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 MPC voted by a majority of 7–2 to maintain the rate, despite inflation hitting its target and falling to 2% in May. UK inflation hit its target for the first…
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May- 2024 -15 MayNews
Hospitality vacancies remain above pre-pandemic levels
Hospitality vacancies remain “stubbornly” above pre-pandemic levels with little positive movement in five months, the ONS has revealed. According to the latest statistics published yesterday (14 May), there were 107,000 vacancies in hospitality in the quarter to April 2024. This is 15% higher than pre-pandemic levels of 93,000. UKhospitality argues…
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Mar- 2024 -6 MarchNews
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, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…
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Sep- 2023 -21 SeptemberNews
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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Jul- 2023 -5 JulyComment
Catering to Britain’s future: Nurturing hospitality and entrepreneurship post-Brexit
As the country continues to navigate a new chapter outside of the EU, it is becoming even more crucial to identify those sectors that have the capability to drive economic growth and foster innovation. Catering is an industry that has proven its resilience and thirst for innovation over recent years,…
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May- 2023 -11 MayNews
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by 0.25% in a bid to meet the 2% inflation target. The committee said it…
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Apr- 2023 -28 AprilAdvice
Keep it Professional: Building Respect for everyone working in Hospitality
People are the heart of hospitality. Yet, the external perception of hospitality workers is often clouded by outdated stigma, which is hard to shake off. More critically, this is having a negative impact on recruiting at a time when labour is in short supply; not to mention the direct impact…
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Mar- 2023 -23 MarchNews
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate in almost 15 years, following an unexpected rise in inflation last month. The move marks the 11th consecutive increase from the BoE and follows the jump in inflation to 10.4%…
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