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Wetherspoon's warns inflation will rise this winter after costs soar
['Mike Sheen', 'Business Editor']
Money | Mail Online
Wetherspoon's has warned of higher inflation in the coming months, with new subsidies for nuclear power set to drive businesses' energy costs even higher.
The pub group says this adds to other costs, including £60million extra from the government's employer National Insurance rise and £2.4million from the packaging tax.
Wetherspoon's been struggling to return to pre-pandemic levels of profitability, as soaring energy and wage costs have offset a sharp rise in sales.
It said: ‘The principal area for public debate is twofold: is nuclear energy really cleaner and what is the financial cost of transition.
‘Therefore, Wetherspoon generated approximately £1 in every £1,000 of all UK tax revenue.