UKH welcomes ‘short-term’ fix of interest rates cut
According to UKH boss, Kate Nicholls, the changes outlined in the autumn budget will impact the potential for future interest rate cuts as well
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UKHospitality has welcomed the Bank of England’s interest rates cut from 5% to 4.75%, saying it is “positive news in the short-term”, particularly those still struggling with pandemic debt repayments, and consumer confidence.