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Weatherspoon's boss Tim Martin says
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higher taxes will lead to more expensive
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pints. Weatherspoon chairman Tim Martin
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has said that a 10% wage increase can
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make a pint cost 15 p more in a pub
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while only 1.5 p more in a supermarket.
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The pub chain is treading carefully as
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it braces for potential tax hikes as the
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budget announcement approaches. In the
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last 14 weeks, they've seen a 3.7% boost
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in turnover, driven mainly by a 5.7%
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rise in drink sales, but hotel bookings
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dipped by 6.3%. That's a significant
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shift. This growing p price gap between
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pubs and supermarkets has become a
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concern. Martin argues that policy
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makers might not fully grasp the
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challenge. Despite good sales momentum,
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they're approaching the rest of the year
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with caution, wary of the upcoming
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budget impact. Will businesses like
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Weatherspoon be hit by more tax hikes?
