Wage growth

Hospitality sales slip 1.3% in January

Sales at Britain’s leading restaurant, pub and bar groups fell by 1.3% year-on-year in January, according to data from CGA.…

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Today’s news in brief – 20/12/24

Drake and Morgan reported that turnover rose 5% to £45.5m for the year to 31 March. Alongside this, the company’s…

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UKH disappointed in BoE decision to hold interest rates

UKHospitality has expressed disappointment in the Bank of England’s decision to hold interest rates at 4.75%, which came after a…

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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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Bank of England cuts interest rates to 4.75%

The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. …

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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…

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UK managed groups see 12 months of growth, CGA finds

Britain’s managed restaurant, pub and bar groups completed 12 consecutive months of year-on-year sales growth in September, the new CGA…

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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…

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Restaurant spending down in August, Barclays finds

Restaurant spending dropped by 5.8% in August after dropping 2.7% in July, according to new data from Barclays. According to…

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BoE raises interest rate to 15-year high

The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in…

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