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.

  • Nov- 2022 -
    17 November
    NewsChancellor freezes tax thresholds in Autumn statement

    Chancellor freezes tax thresholds in Autumn statement

    Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…

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  • 3 November
    BusinessBoE raises interest rates to 3%

    BoE raises interest rates to 3%

    The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it warned that the UK is set to face its longest recession since records began. At its meeting ending on 2 November 2022, the Bank’s MPC voted by a majority of…

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  • Aug- 2022 -
    4 August
    NewsBoE hikes rates to 1.75%, warns UK to enter recession until 2024

    BoE hikes rates to 1.75%, warns UK to enter recession until 2024

    The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since 1995. In its latest announcement, the BOE also projected that the UK would fall into a recession in the fourth quarter of the year, which is expected to last for…

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  • Jul- 2022 -
    7 July
    Trade AssociationsHospitality joins forces to strive for fairer treatment from the gov

    Hospitality joins forces to strive for fairer treatment from the gov

    A group of hoteliers and restaurateurs fed up with the industry being “discriminated against, with disproportionate business rates”, came together at Nailcote Hall Hotel, Coventry in order to help push for change.  A meeting took place with CEO of UK Hospitality, Kate Nicholls and Midlands MP, Saqib Bhatti, to discuss…

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  • Jun- 2022 -
    16 June
    NewsBoE raises interest rates to 1.25%

    BoE raises interest rates to 1.25%

    The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…

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  • May- 2022 -
    5 May
    NewsBoE raises interest rates to highest level since 2009

    BoE raises interest rates to highest level since 2009

    The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time it has taken action since December. The new rate of 1%, up from 0.75%, is the BoE’s latest attempt to curb the rampant rise in inflation – also at its…

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  • Apr- 2022 -
    13 April
    Trade AssociationsUKH launches local election manifesto highlighting community recovery

    UKH launches local election manifesto highlighting community recovery

    UKHospitality has published a raft of recommendations for local government ahead of elections in early May, stating the sector’s “crucial value” as an agent for positive change for post-Covid communities across the nation. UKHospitality’s Manifesto 2022: Revitalising Local Communities sets out a dozen ways in which local authorities, councillors and…

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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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  • 13 January
    Pubs and BarsHospitality recovery dampened by Omicron as December takes £3bn hit

    Hospitality recovery dampened by Omicron as December takes £3bn hit

    The hospitality sector has suffered “devastating” sales falls in the last week of the year, according to the latest pub, bar and restaurant market figures from UKH and CGA.  The wider hospitality sector witnessed a 40% drop in sales for the month versus the same period in 2019, as depleted…

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  • 12 January
    BusinessHospitality investment increases 9% in Q3

    Hospitality investment increases 9% in Q3

    Business investment in the hospitality industry rose 8.9% on an annual basis in the third quarter of last year as Covid optimism began to spread, according to the latest ONS data. Business investment by hotels and restaurants climbed to £988m in Q3 2021, up from £907m the previous year, analysis…

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