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BBCNEWS BBC News June 4, 2024 10:33:00

Earlier i spoke to our business correspondent mark lobel about the acceleration of inflation. this has come as a surprise to us here in the uk, the bank of england was expecting inflation to hit 9.9%, to drop to that figure, and in fact it s gone up to 10.4. markets were surprised. this does indicate the bank of england is going to raise interest rates on thursday but let s start with why the cost of living is going up. as you say, higher prices in cafes and restaurants, driven by higherfood prices, clothing gone up for kids and mums and despite fuel prices coming down. if we look at food inflation, it s gone up the year to february up 18.2%, so that s why some of those cost increases were passed onto consumers by restaurants, but also, remember the shortages in the uk on the shelves of tomatoes, peppers and cucumbers caused by that harvest with extreme weather in spain and north africa, ....

Mark Lobel , Bank Of England , Interest Rates , The Cost Of Living , 10 4 , Food Inflation , Fuel Prices , Cost Increases , North Africa , 18 2 ,

BBCNEWS Talking Business June 4, 2024 01:52:00

Projects often requiring big loans. are high interest rates at the moment affecting the timescale? could you perhaps holding back on some of those plans? around the world we are seeing, as an industry level, a slowdown of construction so that is definitely happening because of the availability of construction labour and what is happening. great brands get lended to. we actually can go to the banks and help get that lending but it is though. ground breaks are about 50% of what they were pre covid. we did see an acceleration to q4 and we expect to see an acceleration in 2024 but it is going to be a thorough growth environment but the amazing thing is about share. so today ihg has 4% of the global hotel supply but 11% of the global pipeline so nearly three times ....

Interest Rates , Industry Level , Construction Labour , Ground Breaks ,

BBCNEWS Talking Business June 4, 2024 03:53:00

Are you perhaps holding back on some of those plans? so around the world we are seeing, at an industry level, a slowdown of construction. so that is definitely happening because of the availability of construction workers and what is happening. with lending. great brands get lended to. we actually can go to the banks and help get that landing but it is though. grand breaks are about 50% of what they were pre covert. we did see an acceleration to q4 and we expect to see an acceleration in 2024, but it is going to be a slower growth environment. but the amazing thing is about share. so today we have 4% of the global hotel supply but 11% of the global pipeline so nearly three times as much. ....

Construction Workers , Growth Environment , Grand Breaks , Pre Covert ,

Experian Announces Access Group Partnership Boosting Employment and Income Coverage to 77%

Acceleration of digital payslip technology will improve lending decisions and help more UK workers get access to affordable credit

. | March 20, 2023 ....

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BBCNEWS Talking Business June 4, 2024 14:53:00

Developments around the world. new hotels are very expensive projects often requiring big loans. are high interest rates at the moment affecting the timescale? could you perhaps holding back on some of those plans? around the world we are seeing, as an industry level, a slowdown of construction so that is definitely happening because of the availability of construction paper and what is happening. great brands get lended to. we actually can go to the banks and help get that lending but it is though. ground breaks are about 50% of what they were pre covid. we did see an acceleration to queue flowing and we expect to see an acceleration in 2024 but it is going to be a thorough growth environment but the amazing ....

Interest Rates , Industry Level , Construction Paper , Ground Breaks ,