Interest Rate

Consumer confidence on the rise

22-Sep-2023 By Restaurant

Consumer confidence has risen to its highest level since January last year, suggesting that the economy is on the road to recovery.

Hospitality industry accounts for 10% of UK administrations in 2023

04-Aug-2023 By James McAllister

The hospitality industry accounted for 10% of administrations in the first six months of 2023 – the fourth highest sector in the UK – according to analysis by Shakespeare Martineau.

UKHospitality: ‘Interest rate rise only exacerbates financial challenges many are grappling with’

03-Aug-2023 By James McAllister

UKHospitality has warned that the latest interest rates rise will further exacerbate the sector’s financial challenges after the cost of borrowing rose to its highest level in 15 years.

Strong trading in hospitality helps UK economy return to slender growth

14-Jun-2023 By James McAllister

The UK economy grew by 0.2% in April after contracting 0.3% in March, according to the Office for National Statistics (ONS), helped by strong trading in hospitality.

Further business failures 'inevitable' without Government support as interest rates rise

05-Aug-2022 By James McAllister

Trade body UKHospitality says further business failures are 'inevitable' without additional Government support amid warnings of a looming recession and energy prices rising further.