Wetherspoon's to cut food and drink prices by 7.5% on Thursday

Wetherspoon’s is to cut the price of all its food and drink by 7.5% on Thursday to highlight the benefit of a permanent VAT reduction for the struggling hospitality industry.The chain said the move on what is called “tax equality day” is aimed at demonstrating the unfairness of the differing tax treatment of alcohol and food sold in pubs compared with shops.