‘Not good’: Wetherspoon warns of menu price hike as lockdown eases - ‘mixed feelings’
The hospitality VAT cut saw Wetherspoon slash the price of its food, coffee and soft drinks last year. However, if not extended, the chain has said it will have to hike the menu prices back up.
At the time of the VAT cut, JD Wetherspoon founder and chairman Tim Martin said: “Wetherspoon will invest all the proceeds of the VAT reduction in lower prices, spread across both bar and food products, with the biggest reductions on ale.
“Wetherspoon has campaigned for tax equality between pubs, restaurants and supermarkets for many years
“Supermarkets pay no VAT on food sales and pubs pay 20 percent.
“A VAT reduction will help pubs and restaurants reverse this trend – creating more jobs, helping high streets and eventually generating more tax income for the Government.”
READ MORE: Nectar loyalty card offering new points boost for customers
