THREE J D Wetherspoon pubs in North Devon have slashed their prices today in support of national Tax Parity Day.
The Panniers in Boutport Street, The Water Gate in The Strand, both in Barnstaple, and The Rose Salterne, on Bridgeland Street in Bideford, have cut the prices of all food and drink by 7.5 per cent.
Prices at the Wetherspoon pubs will be reduced for today only in order to show the benefits of a VAT reduction to 5 per cent.
At present all food and drink in pubs is subject to 20 per cent VAT, compared to supermarkets which benefit from a zero VAT rate.
Alan Young, manager of The Panniers, said: "We are proud to support the campaign to reduce the level of VAT within the pub industry.
"Customers coming to the pubs will find the price of their food and drink is lower than normal.
"We are keen to highlight the amount customers would save if VAT in pubs was lowered.
"So, for example, the total price of a meal and drinks for a customer at the pubs would be reduced from £10 to £9.25 on Tax Parity Day."
Wetherspoon chairman Tim Martin added: "A reduction in the level of VAT on a long-term basis will generate growth and create jobs in the important leisure and hospitality sector."
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