Interest Rates

Coverage examines how changes in interest rates affect the UK hospitality and foodservice sector, including impacts on borrowing costs, business investment, consumer confidence, and property finance. Reporting provides context and analysis to help restaurant groups, pub operators, and catering businesses understand the financial environment and make informed strategic decisions.

  • May- 2023 -
    11 May
    NewsBoE raises interest rate for 12th time to 4.5%

    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…

    Read More »
  • 2 May
    Pubs and BarsLiberation Group expands managed pubs portfolio in Q1

    Liberation Group expands managed pubs portfolio in Q1

    Pub operator Liberation Group has revealed that for the 12 weeks to 22 April, its portfolio of managed pubs increased by 4.7% like-for-like in the UK, while food and drink increased by 4.4% and 2.8% respectively.  While accommodation saw a rise of 13.9% among the group’s managed pubs, its estate…

    Read More »
  • Mar- 2023 -
    23 March
    NewsBoE raises interest rates to 4.25%

    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%…

    Read More »
  • Feb- 2023 -
    2 February
    NewsBoE raises interest rates to 4%

    BoE raises interest rates to 4%

    The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 4%, the highest level in 14 years. The increase, which is the tenth consecutive increase, was decided after the bank’s Monetary Policy Committee (MPC) voted by a majority…

    Read More »
  • Dec- 2022 -
    15 December
    NewsBank of England raises interest rates by 0.5% to 3.5%

    Bank of England raises interest rates by 0.5% to 3.5%

    The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years. At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by…

    Read More »
  • 8 December
    Breweries and DistilleriesWild Beer Co enters administration

    Wild Beer Co enters administration

    Somerset based brewer Wild Beer Co has ceased trading and entered administration as a result of rising costs. The company stated on its website that Undebt.co.uk had been appointed as administrators and are managing the affairs, business and property of the company. Administrators are looking into potential acquisitions for the…

    Read More »
  • Nov- 2022 -
    17 November
    Pubs and BarsFuller’s revenues hit £169 in H1

    Fuller’s revenues hit £169 in H1

    Fuller’s has seen revenues increase to £168.9m in its half-year results, up from £116.3m the prior year, as trade recovered from the impact of Covid restrictions. Over the period, like-for-like sales rose by 20% compared to the prior year, with Central London sales growing by 67%. Adjusted profit before tax…

    Read More »
  • 8 November
    Food and DrinkFood and drink inflation nears 20% amid storm of cost pressures

    Food and drink inflation nears 20% amid storm of cost pressures

    Inflation in food and drink prices hit a “record” high of 18.8% in September 2022, marking the eighth consecutive month of double-digit inflation, according to the latest CGA Prestige Foodservice Price Index. After reaching 15% for the first time ever in August, the Index surged again during September, meaning that…

    Read More »
  • 7 November
    Food and DrinkHalloween raises weekend spirits and drinks sales

    Halloween raises weekend spirits and drinks sales

    Average drink sales in managed UK venues have grown 2% year-on-year in the seven days to 29 October due to the “growing popularity” of Halloween, according to CGA by NielsenIQ’s latest Drinks Recovery Tracker, This marks the sixth week of growth in a row, although it is a dip from…

    Read More »
  • 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…

    Read More »
Back to top button