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Trade Associations

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

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.

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