©Copyright 2001-2020. “These tax differences have helped supermarkets to subsidise their selling prices of beer, wine and spirits, enabling them to capture about half of pubs’ beer sales, for example, in the past forty years. Chain praises Chancellor Rishi Sunak as … But these pubs will have price reductions of at least 10p per drink and 20p per meal. A Gannett Company. “Supermarkets pay no VAT on food sales and pubs pay 20 per cent. We are no longer accepting comments on this article. The cuts will also affect the chain’s meal deals, with a pizza and a soft drink now starting from £5.49 and a burger and drink starting at £4.99. Elderly parents of missing man who disappeared 28 years ago are 'amazed' that police have searched their... 'I wish Harry luck, he's gonna need it!' The company, which was founded in 1979, said it will fully pass on the tax cut to its customers, including real ale, coffee, soft drinks, breakfasts and other food. The no-frills pub chain was boosted by last Wednesday's mini-Budget, when Mr Sunak slashed VAT on food and non-alcoholic drinks by 15 per cent until January. This site is part of Newsquest's audited local newspaper network. The remainder are set to re-open in phases, starting with its Scottish pubs on Wednesday. Wetherspoon will cut prices of its meals and drinks until mid-November under the pub company's 'Stay Out To Help Out' scheme. ... Wetherspoon pub … “However, lower VAT and tax equality will eventually lead to lower prices, more employment, busier high streets and more taxes for the government.”. “However, lower VAT and tax equality will eventually lead to lower prices, more employment, busier high streets and more taxes for the Government.”. Those ads you do see are predominantly from local businesses promoting local services. Tricky collection of logic, language and maths puzzles will put your lateral thinking to the test - so, can... Could turmeric tablets give your pet a new lease of life? The chain's latest scheme will see prices on meals and drinks reduced from Monday to Wednesday until November 11 at around 700 Wetherspoon pubs in the UK, with a … Inside Prince Harry and Meghan Markle's living room: Duchess offers a glimpse of their $14million Santa... Undercover MI5 agents broke the law to foil Theresa May assassination plot, reveals Home Office as spies are... JK Rowling shakes off transgender row as her controversial new book shoots straight to top of the charts. Data returned from the Piano 'meterActive/meterExpired' callback event. The pub chain, which has almost 1,000 establishments around the country, announced today price reductions of at least 10p per drink and 20p per meal as it chose to pass on the tax cuts for hospitality businesses. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Wetherspoons has raised £140million through a share placing and has taken out a £48.3million loan via the Coronavirus Large Business Interruption Loan Scheme. It re-opened all of its 750 pubs in England on July 4. “Some will need to retain the benefit of lower VAT just to stay in business. Credit: JD Wetherspoon Lavazza coffee and tea will be discounted to £1.29 (down 16p on average), and soft drinks will start at £1.69 for a Diet Pepsi and £1.79 for a standard Pepsi (down 11p). 'Supermarkets pay no VAT on food sales and pubs pay 20 per cent. Signs at a Wetherspoon pub in Rochdale remind customers to follow social distancing rules, Cats are happier if they are only fed once a day, mimicking feeding behaviour of wild counterparts, study finds, David Attenborough joins Instagram, at 94, as first post declares "saving the planet is now a communications challenge", Boris Becker denies 19 charges over failure to reveal properties, bank accounts and debts worth more than £1 million to insolvency authorities, reduced from 20 per cent to five per cent, Super Saturday in pictures, as lockdown ends and pubs reopen. Menus featuring a grinning Chancellor alongside messages labelled Sunak's specials and Dishi Rishi boast cut-price deals on food and drink with a pint of beer costing as little as £1.29. British policeman, 43, faces disciplinary probe after branding George Floyd a 'drug-crazed maniac' and... French police launch probe after 'bubbly' British mother-of-two, 52, vanished from her home a year ago... DNA pinpoints 12 potential new victims of France's most notorious serial killer Michel Fourniret who ... Will Deadpool rescue Wrexham FC? Millions of Britons believe WINE counts as one of their five-a-day fruit and vegetables because it is made... 14oz glass of Diet Pepsi - £1.69, down 11p, Pizzas including a soft drink - from £5.49, down 66p, Burgers including a soft drink - from £4.99, down 66p. It comes after Mr Martin sold £5million of shares in his pub chain days after the Government announced its £4billion boost for firms in the hospitality sector. The sale reduced his stake in the FTSE 250 pub chain he founded in 1979 to 27.4 per cent. Published: 09:16 BST, 13 July 2020 | Updated: 12:31 BST, 13 July 2020.

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