Wetherspoons punters could soon find themselves paying more for their pint, the chain’s boss Tim Martin has said. The warning comes as the worsening cost-of-living crisis bites into millions of UK households’ finances.
In its latest update to shareholders, the chain - which operates more than 800 pubs across the UK and Ireland - said it had returned to profitability, having not posted a yearly profit since July 2019. But it warned that it was still faced with “considerable” cost pressures.
The hospitality industry as a whole was badly affected by the coronavirus pandemic, when pubs were forced to close for months on end by lockdown restrictions. Despite trading conditions since returning to normal, Wetherspoons says it faces big challenges.
