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Evening Standard
Evening Standard
Business
Simon Hunt

Pubs wary of increasing prices as inflation squeezes profits

City Pub Group Chair Clive Watson said the chain had to take rising costs on the chin.

(Picture: City Pub Group)

Britain’s pubs sounded the alarm on profits today, as soaring prices and squeezed customers leave landlords with little choice but to shoulder higher costs.

The bosses of Marston’s, All Bar One-owner Mitchells &  Butlers and City Pub Group all warned that costs were increasing rapidly as UK inflation hit a 40 year high.

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