Wetherspoons could hike prices again as pub CEO warns of cost pressures
Wetherspoons could increase prices yet again, the CEO has warned.
The firm's boss Tim Martin claimed labour, food and energy costs have increased in a statement this week.
He said: "There is considerable pressure on costs, especially in respect of labour, food and energy.
"Repairs are also running at a higher rate than before the pandemic."
The budget pub chain already increased prices in March, adding 10p to the cost of a pint across the UK.
And punters in London have to pay an extra 20p following the price hike.
The increase is around 4% in the capital and 2% across the rest of the country.
Now restaurants, pubs and shops have been forced to hike prices for customers due to rising business costs.
Greggs recently upped the price of sausage rolls in January and has since warned that further increases could be imminent.
But Wetherspoons said its sales are improving as it expects to breakeven this year when it gave a financial update.
The company added that it has closed a total of 14 pubs since the beginning of the financial year.
'I tried Wetherspoons new Miner's Benedict – but the breakfast tasted like sand'
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Looking for hacks to save money at Wetherspoons?
Recently we revealed five cheeky ways to save money on pub food and drinks.
First of all, customers can download the app which will help them save a fortune.
Also the popular chain offers student vouchers so make sure you check those out too.
Last year, Spoons slashed the price of its popular steak and curry club deals on certain days of the week.
Customers can save up to £1.60 when they order one of the offers – but only on Tuesdays or Thursdays.
Then in 2021, the firm announced it would axe pints of John Smiths and Strongbow as part of a shake-up of its drinks options.
It ended its 41-year partnership with Heineken and signed a new deal with Budweiser.
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