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PRIVACY
Retail & Consumer

Wetherspoon's boss Tim Martin says 'maximum' 20p breakfast increase next year

The announcement comes despite warnings of inflation across the hospitality sector.

Founder and chairman of JD Wetherspoon Sir Tim Martin

JD Wetherspoon will ensure its breakfast prices don't increase by more than 20p next year, its chief executive has declared.

The assurance arrives despite intense pressure on the hospitality sector from tax increases and rising food costs, with warnings of inflation throughout the industry.

During an appearance on LBC radio on Monday, Sir Tim Martin, who is based in Devon, told presenter Nick Ferrari that there would be a "maximum" rise of 20p "across the board" for a Wetherspoons breakfast.

The traditional pub offering – comprising a fried egg, bacon, sausages, baked beans, two hash browns and a slice of toast – is priced at £6.99 in central London, £5.75 in Birmingham New Street and £3.79 in Brentwood Essex.

Sir Tim has previously cautioned about price increases at Wetherspoons due to escalating costs from higher wages and taxes, facing a £60m burden following a rise in national insurance contributions (NICs) earlier this year, though he has pledged to keep inflation minimal, as reported by .

Last year Mr Ferrari put the same question to Sir Tim and received guarantees regarding the cost of the popular fry-up.

While many within the hospitality sector were anticipating tax relief in the Autumn budget to assist the industry's recovery, Reeves' second budget delivered no reductions to VAT and no alterations to National Insurance.

Even a reduction to business rates has been characterised as "too little, too late" as well as something likely to be eliminated by an inflation-linked revaluation of rates next year.