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JD Wetherspoon boss, Sir Tim Martin, has warned Chancellor Rachel Reeves cost hikes could drive inflation across the UK economy.

However, the pub chain posted revenues of £2.13billion for the year ending July 27, with like-for-like sales growth of 5.1 per cent.

Yet, the pub boss warned that rising national insurance contributions, energy costs, and water bills would hamper businesses.

He said: "Cost increases such as these will undoubtedly add to underlying inflation in the UK economy, although Wetherspoon, as always, will endeavour to keep price increases to a minimum.

"While we expect reasonable performance in the current financial year, Government-led cost increases in areas such as energy may have a bearing on the outcome."

Yet, the chain has pledged to shield customer

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