Search
Close this search box.

Ukhospitality responds to latest inflation figures

22/05/2024

Kate Nicholls, Chief Executive of UKHospitality, said: “Hospitality has weathered unprecedented costs, including from government policy. Today’s inflation data continues 18 months of improvement and we are now at a normal level of inflation.

“The trend is clear, and the Bank of England can now act with confidence. It’s time for interest rates to come down to support businesses investing in their growth. We should be ahead of the curve not behind it.”

Subscribe to our daily newsletter

Why? Free to subscribe, no paywall, daily business news digest.

About UKHospitality:

UKHospitality is the leading trade body for hospitality, representing every corner of the sector. We represent more than 130,000 venues, from pubs, bars and restaurants to hotels, indoor leisure and contract catering.

We work on behalf of a sector at the heart of the everyday economy; contributing £93 billion annually to the economy, generating £54 billion of tax for the Treasury and employing more than 3.5 million people as the third largest employer in the UK.

Our members benefit from our dedicated campaigning to empower an environment for hospitality to thrive, in addition to expert insight, specialist support helplines and guidance on the key issues facing hospitality businesses.

The latest stories

US baked goods retailer set to open its first Scottish site in Livingston

CINNABON, the makers of the most famous icing-covered cinnamon rolls, which started out it in Seattle in 1985 and is

Free Pizza for every home in the country if Scotland win Euros 

A pizza chain based in Larkhall has announced FREE PIZZA for every home in Scotland if we win the 2024

Tesco – another solid performance

Tesco, the UK’s largest supermarket, has announced its first quarter trading statement: Charlie Huggins, Manager of the Quality Shares Portfolio

Edinburgh bakery business causes a buzz with insect bakes following support from Business Gateway

The Insect Café won in the ‘individual cake’ category at the National Scottish Baker of the Year Awards 2024/25 An

Subscribe to our daily newsletter

Why? Free to subscribe, no paywall, daily business news digest.