Exact day Wetherspoons is cutting prices across its ENTIRE menu at over 800 pubs

WETHERSPOONS is to offer cut-price food and drink at more than 800 pubs in just days. Some punters will be able to grab a pint of Bud Light for as little as £5.09 and a large breakfast for just £6.97 – but for one day only. All food and drink in pubs and restaurants is currently subject to 20 per cent VAT Credit: Alamy Stock Photo Prices are being cut across 800 Wetherspoons pubs on September 17 Credit: Bloomberg via Getty Images The idea behind the price cut on September 17 is to highlight how pubs could thrive with some financial assistance from the government. All food and drink in pubs and restaurants is currently subject to 20 per cent VAT – while supermarkets don’t have to follow the same rules. Sign up for the Money newsletter Thank you! Grocery retailers don’t pay VAT on food which means they are able to offer more generous discounts on drink. This has led Sir Tim Martin, founder and chairman of Wetherspoons, to dub September 17 Tax Equality Day, with all menu items at the pub chain cut on that day by 7.5 per cent. This means the budget pub chain’s menu will become even more affordable for punters looking for a cheap meal and drink. The discounts will be made in every Spoons branch across England, Wales and Northern Ireland and will even apply to alcohol. Punters in Scotland will only be able to enjoy the reduced prices across food and non-alcoholic drinks. Sir Tim has said that the reduced financial pressure on pubs, bars and restaurants would reduce the amount forced to close and mean less price hikes. Most read in Money “A VAT cut to 12.5 per cent is needed to ensure that pubs, bars and restaurants do not continue to close, but instead thrive, invest and create new jobs,” he said. “We call on the chancellor to create tax equality between the hospitality industry and supermarkets.” Comment now