Wage growth
Coverage of salary trends, recruitment pressures, and workforce cost dynamics affecting UK hospitality businesses. This section explores hourly rate increases, labour market competition, regional pay variations, and impacts on F&B margin and staffing models, offering insight for operators, HR leads, and finance teams aiming to balance team welfare with profitability in a tight labour market.
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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%.ย The BoEโs 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.ย The committee said it…
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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.ย The move marks the 11th consecutive increase from the BoE and follows the jump in inflation to 10.4%…
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Feb- 2023 -2 FebruaryNews
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 bankโs Monetary Policy Committee (MPC) voted by a majority…
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Jan- 2023 -23 JanuaryBusiness
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker, marking the end of a 15-month period of consecutive decline. Deloitte said overall confidence was boosted by โsignificantโ quarter-on-quarter improvement in sentiment towards levels of debt (+3.8…
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Aug- 2022 -4 AugustNews
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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Oct- 2021 -25 OctoberTrade Associations
Over 200 CEOs sign letter urging chancellor to permanently keep 12.5% VAT
Over 200 chief executives of the UK pubs, bars, restaurants, cafรฉs, hotels, leisure parks, nightclubs, entertainment venues, and visitor attractions have signed a letter to the chancellor urging for a permanent cut to VAT. Ahead of his Budget next Wednesday (27 October), industry leaders have called for a permanent reduced…
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Jan- 2020 -24 JanuaryBreweries and Distilleries
Marstonโs delivers โcredibleโ trading performance
Marstonโs has announced overall like-for-like sales increased by 1% in the 16-week period ended 18 January.ย ย Trading over the Christmas fortnight was โstrongโ, with a like-for-like sales growth of 4.5%. The brewer said this period compensated for more โsubduedโ trading in the first three weeks of December, when poor weather…
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Nov- 2019 -1 NovemberRestaurants
London restaurant bill prices rise by โrecordโ amount in 2019
London restaurant bill prices have risen by 6.3% in the past 12 months, compared with 4.8% the previous year, according to new figures from London-based publishing firm Hardenโs. According to the group, the average price of dinner for one at establishments listed in its 2020 London Restaurants guide is ยฃ59.28,…
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Nov- 2018 -1 NovemberBusiness
Bank of England puts hold on interest rates due to Brexit uncertainty
The Bank of England has placed interest rates on hold following growing uncertainty around Brexit. A vote to leave rates unchanged held by the bankโs Monetary Policy Committee (MPC) was in favour of leaving rates at 0.75% by 9-0. Financial markets are currently indicating that rates will not rise until…
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Oct- 2018 -2 OctoberAdvice
Time is of the essence: tips to improve kitchen efficiency
With half of hospitality professionals considering themselves to be time poor when completing everyday tasks in the kitchen, Steve Buckmaster, sales director at BRITA Professional, looks at the top reasons why time is lost and discusses three simple solutions to improve kitchen efficiency. โThe back of house area is the…
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