Wetherspoons will be even cheaper as brand slashes prices for a day this week
Wetherspoons is dropping prices by 7.5 per cent. Here’s why
- Pub giant JD Wetherspoon will implement a one-day 7.5 per cent price reduction on food and drink on Thursday, 18 September.
- The move aims to highlight the significant tax “disparity” between the hospitality sector and supermarkets to the government and consumers.
- Currently, UK hospitality businesses pay 20 per cent VAT on food and drink, while most supermarket items for home consumption incur no VAT.
- Wetherspoon founder Tim Martin argues that this tax benefit allows supermarkets to subsidise beer prices, putting pubs under immense pressure.
- Both Martin and UKHospitality chairwoman Kate Nicholls advocate for a VAT cut to 12.5 per cent for the industry to ensure pubs thrive and create jobs.