Rachel Reeves says business rates support for pubs is on its way after chain reveals £45m surge in costs
JD Wetherspoon has warned of lower than expected half-year profits, as the pub chain revealed a £45m surge in costs driven by “higher than expected” bills for energy, wages, repairs and business rates.
The bigger-than-forecast expenses in the 25 weeks to 18 January meant profits at Wetherspoons are now “likely to be lower” compared with the same period in 2024, said its chair, Tim Martin.
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