JD Wetherspoon in price-cut promotions

JD WetherspoonsPUB group JD Wetherspoon will cut the price of all food and non-alcoholic drinks in its Scottish pubs by 7.5% today to highlight the benefit of a lower VAT rate.

The move comes just a fortnight after Wetherspoon cut the price of a pint in its pubs across the UK by an average of 20p to highlight what it claims are the advantages of ending trade tariffs post-Brexit.

However, that was criticised by the Society of Independent Brewers (SIBA), which wrote an open letter to Wetherspoon chairman Tim Martin saying such a price cut “may appeal to consumers but it doesn’t support independent craft brewers”.

Wetherspoon’s most recent financial results, for the 52 weeks to July 28, reported a 0.3% dip in operating profit to £131.9 million.