The discount-focused chain's founder Tim Martin says the pub industry will need to raise prices but that he will make 'every attempt' to remain competitive
The discount-focused chain's founder Tim Martin says the pub industry will need to raise prices but that he will make 'every attempt' to remain competitive
The discount pub chain, founded by Tim Martin, said it is set to see its costs rise by £60m as a result of the rises in taxes and business costs announced last week. “Cost inflation, which had jumped to elevated levels in 2022, slowly abated in the following two years, but has now jumped substantially again following the budget,” Mr Martin said.
Investors raised a glass to the firm’s trading update, with the shares up more than 3 per cent in morning trading, hitting 616.5p.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget latest: Wednesday set to bring 'biggest tax-raising budget in history'There's just one more sleep until budget day, and yet more details are emerging about what the chancellor will unveil in the Commons on Wednesday. Follow updates and analysis in the Politics Hub.
Read more »
Budget latest: Chancellor to deliver Labour's first budget in 14 yearsChancellor Rachel Reeves will pledge to 'invest, invest, invest' when she sets out the budget later. While the government has insisted 'working people' will not face tax rises, a number of levies could still increase. Watch and follow live coverage and analysis across Sky News.
Read more »
Budget latest: Tax rises and big borrowing expected in 'unprecedented' budgetRachel Reeves will pledge to 'invest, invest, invest' when she sets out the budget at 12.30pm. While the government has insisted 'working people' will not face tax rises, a number of levies could increase. Listen to Politics At Jack And Sam's below for your essential budget preview.
Read more »
Budget announcement LIVE: What time is Rachel Reeves' Budget and what is expected?Rachel Reeves will make history as the UK’s first female Chancellor when she delivers the Labour Party's Budget today - follow live updates here
Read more »
Budget 2024 LIVE: Rachel Reeves prepares to deliver Labour's first Budget in 14 yearsRachel Reeves will make history as the UK’s first female Chancellor when she delivers the Labour Party's Budget today - follow live updates here
Read more »
Budget latest: Chancellor unveils biggest tax-raising budget since 1993 - as employers' national insurance hike confirmedRachel Reeves is delivering a historic budget - it's Labour's first since 2010, and the first ever from a female chancellor. Watch and follow live.
Read more »