Interest Rates for SME Lending Have Now Increased Almost Sixfold from Pandemic Low
Small businesses face surging interest rates on lending, with the average rate on new bank loans written increasing fivefold from just 0.98% in May 2020…
Read more...
More Closures Imminent Without Further Intervention on Energy Bills, Hospitality Trade Bodies Warn
Industry trade bodies, Hospitality Ulster, BBPA, UKHospitality and the BII, have jointly written to the Secretary of State for BEIS, the Rt Hon Grant Shapps…
Read more...
DRS Enforcement Delay Required as Unanswered Questions Linger
UKHospitality Scotland has asked the Scottish Government to delay any enforcement of Deposit Return Scheme (DRS) regulations until businesses have the required information and time…
Read more...
Hospitality Enjoys Strong December Sales, but Fails to Hit Pre-Pandemic Heights
Pubs and restaurants enjoyed their best festive season for three years, but sales figures are still yet to return to pre-pandemic levels. The latest figures…
Read more...
Bank of England Raises Interest Rates by 0.5% in Tenth Consecutive Increase
The Bank of England has raised interest rates by a further half percentage to 4%. The Bank said that the UK is still headed for…
Read more...
Plea for Spring Budget Action as 21 Pubs Close Doors to the Public Every Week in Britain
In the last 6 months of 2022, 554 pubs closed for business or stood empty without tenants, new statistics from CAMRA reveal CAMRA, the Campaign…
Read more...
BII Writes to Chancellor Calling for Urgent Support Ahead of Budget
The BII has today written to the Chancellor, calling for further support for its members ahead of the Spring Statement in March. Results from a…
Read more...
8 in 10 Night-Time Businesses “On a Knife Edge” Survey Reveals
A NTIA a flash poll of its members assessing the current and new energy relief scheme announced by the Government and the projected impacts on…
Read more...
SIBA Business Awards 2023 Entry Deadline Extended to 12th February
The entry deadline for the SIBA Business Awards 2023 has been extended to the 12th February to ensure even more businesses from across the beer,…
Read more...
“Recession” Forecast for UK Economy
UK economy expected to be only major economy to shrink in 2023 – IMF The UK economy will contract and perform worse than other advanced…
Read more...
Hospitality Energy Bills to Almost Double as Support Falls Away
Businesses expect an 82% rise in their energy bills when the Government’s support is significantly reduced in April, according to a new hospitality sector survey….
Read more...UKHospitality Launches New Education Landscape Guide
As the education system continues to evolve, the new Education Landscape Guide will help businesses understand what path they can take to further improve their…
Read more...
Small Business Confidence Collapses – FSB calls for Growth Plan to Power Through
Small firms’ confidence in the final quarter of 2022 plunged to a depth almost on a par with that measured during the second Covid lockdown…
Read more...
Shepherd Neame Pub Managers Celebrate 30 years – with 30 Happy Couples
A husband and wife team who have managed a Shepherd Neame venue for 30 years celebrated the milestone with 30 couples who have married there…
Read more...
Hoteliers Encouraged to Look Outside of the Industry in Order to Make Change
Sustainability, the economy and inspiring positivity and change were just some of the many topics at the annual Hotel Leadership Conference hosted by the Master…
Read more...