Pub operator JD Wetherspoon (JDW) is to cut the price of all food and drink in its pubs by 7.5% on Thursday, 23 September – to highlight the benefit of a permanent VAT reduction in the hospitality industry.
JD Wetherspoon (JDW) boss Tim Martin has suggested most hospitality firms would be likely to be in favour of a preferential visa scheme for European Union workers to tackle the recruitment issues in the sector.
JD Wetherspoon (JDW) saw year-on-year sales drop by more than a fifth (22.5%) on Saturday 12 September amid national reports of pubs and bars being flooded with customers ahead of the Government’s ‘rule of six’ coming into force today (Monday 14 September).
Wetherspoon has pursued a strategy of agreeing “virtually no open-market rent reviews” in past 16 to 17 years to avoid rent hikes brought about by the rise of casual dining, according to the pub company's founder Tim Martin.
Wetherspoon’s boss Tim Martin has blamed pubco rivals – and the Publican’s Morning Advertiser – for failing to campaign for tax equality with supermarkets, which he said had resulted in flat bar sales and falling margins.