RE: Any brave punters?5 Sep 2022 20:24
For starters if Truss goes through with knocking the 1.25% national insurance increase on the head then that will make a big difference to peoples income , especially after most professional workers have seen a 4% plus wage rise because of the CPI data , i dare say City Pub Group offers those professionals with somewhere to go and eat and drink , and therefor sales remain unaffected. You would also like to think 18-25 year olds who live at home with parents would also be part of this customer base , therefor not being too affected by the energy price increase so therefor continue to spend on evenings out. The only main danger to city pub group is the cost of overheads through the winter , this will dramatically wipe out any profit margin.