Wetherspoons boss issues chilling price warning to British pub goers | UK | News
The Iran war will push up the prices of pints in British pubs, the head of Wetherspoons has warned. The deepening crisis in the Middle East has seen an energy price spike, driven by skyrocketing oil and gas prices amid Iran’s effective blockade of a key global trade route, the Strait of Hormuz. Sir Tim Martin said the cost of increased energy bills will “soon end up in the price of a pint or a meal in a pub”. His comments come as new analysis suggests the energy price increases could cost the pub sector an additional £169 million a year. Wetherspoons, which has around 800 pubs, reportedly had to up some of its prices last month after earlier warning of higher-than-expected costs as a result of rising energy bills, increased wage costs and business rates. Speaking to The Sun, Sir Tim said the current energy system is pushing businesses like pubs to pay more for their electricity. More than 60% of many pubs’ energy bills reportedly goes towards “non-domestic” fees which the Wetherspoons chairman …
