The boss of JD Wetherspoon has called on Prime Minister Sir Keir Starmer to cut pub food taxes ahead of a jump in costs linked to the Budget. It came as the hospitality giant revealed stronger sales for the half-year so far despite selling off more pub venues. Chairman Tim Martin said the company is set to face a £60 million jump in labour-related costs in April, amid increases in employers’ national insurance contributions and the minimum wage. #wetherspoons
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here are your headlines for today.
00:09The boss of J.D. Weatherspoon has called on the Prime Minister to cut pub food taxes ahead of a jump of costs linked to the budget.
00:19It came as J.D. Weatherspoon revealed stronger sales for half a year so far, despite selling off more pubs.
00:27Chairman Tim Martin said the company is set to face a £60 million increase in labour-related costs in April, amid increases in employers' national insurance contributions and the minimum wage.
00:40He said the business is in a reasonable position, but the forecasting is difficult in the face of impending tax and wage increases.
00:49My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.