THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 250
Issue 250 www.CLHNews.co.uk
RETURN TO PROFIT! Let us help guide you to putting your Restaurant, Hotel or Pub business BACK into Profit. We work "hands-on" with you and your Team, in your business, to make that happen.
Maximise your Profit Margins Minimise your Operating Costs Resolve any Operational Issues To find out how David Hunter can use his 30 plus years of experience in the Hospitality sector to help you INCREASE THE PROFIT from YOUR business, call NOW for an informal chat on:
07831 407984
CLHNews
CLHNews
CLHNews
Sector Welcomes Interest Rate Cut... But Inflation Concerns Mount
or
01628 487613
The Bowden Group Hospitality Business Mentoring since 1989
• MICROWAVES • EXTRACTION CANOPIES •
EKE EQUIPMENT LIMITED • We have a comprehensive range of Re-conditioned Catering Equipment in stock • We can supply most of the markets leading names in New Equipment at competitive prices • Full Service & Installation facilities by fully qualified engineers • We can also supply modular fridge & freezer rooms
Telephone with enquiries:
Tel: 01273 492488
Email: EKELtd@outlook.com Mobile: 07860 274243
COOKERS • ICE MACHINES • FRYERS • SLICERS
DISHWASHERS • GLASSWASHERS • REFRIGERATION
RECONDITIONED & SECOND USER CATERING EQUIPMENT
• TOASTERS • STAINLESS STEEL SINKS & TABLING •
The Bank of England’s announcement of a further reduction in interest rates, cutting them by a quarter of a percentage point to 4.5%, is welcome news for the hospitality and on-trade sector bracing itself for a raft of operational cost increases in April. This decision aims to ease borrowing costs for businesses and consumers alike, and offers potential relief to the UK hospitality sector, which continues to navigate economic challenges, however, the spectre of rising inflation looms potentially wip-
ing out any tangible benefits. The latest move from the Bank signals a likelihood of additional rate reductions in the near future. Notably, two members of the Monetary Policy Committee (MPC) pushed for a more aggressive approach, advocating for a half-percentagepoint cut. Their stance suggests that further easing of monetary policy may be necessary to support economic stability.
(CONTINUED ON PAGE 3...)