Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Liverpool Echo
Liverpool Echo
World
Ellen Kirwin

Wetherspoons records first loss of £105million in 36 years over coronavirus

Wetherspoons has reported a loss of £105.4 million because of the coronavirus pandemic.

This will be the first time the founder and chairman Tim Martin, has sunk into the red in 36 years.

Sales for the pub reportedly took a £556 million hit because of the lockdown and 10pm curfew.

The financial news comes after Tim Martin hit out at politicians because of their handling of the pandemic.

Martin has said table service has been particularly costly to the chain and renewed calls on the Government to change regulations which continue to ‘favour supermarkets.’

Keep up to date with coronavirus cases in your area by adding your postcode below

He said: "It makes no sense for supermarkets to be treated more leniently than pubs, since pubs generate far more jobs per pint or meal than do supermarkets, as well as far higher levels of tax.

"Pubs also make an important contribution to the social life of many communities and have better visibility and control of those who consume alcoholic drinks."

How is the 10pm curfew affecting you? Let us know in the comments below

It is reported that one-off costs due to coronavirus for Wetherspoons hit £29 million, including £5.9 million in drinks and food that had to be thrown away, £6.2 million on PPE, screens and other equipment to make pubs Covid- secure, and £17.1 million on staff costs.

Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.