Wetherspoon may raise drink prices to absorb higher wages

Share price drops and chain announces founder Tim Martin is recovering from burst appendix

JD Wetherspoon may raise its prices in the coming months as the pub chain warned of weaker trading, higher staff costs and said its founder and chairman, Tim Martin, would be working part time for several weeks as he recovers from a burst appendix.

In a trading update for its first quarter, the pubs firm said that while it would not immediately pass on a higher wage bill to customers through price rises, it was under review.

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House price growth at its slowest for five years, Halifax says

Sellers are realising first offer they receive could well be their only one, analyst says

Annual house price growth has fallen to its lowest rate in more than five years, according to Halifax.

Across the UK, house prices increased by 1.5% annually in October, following a 2.5% annual increase in September, Halifax said.

Related: Confidence in housing market ‘collapsing’, NAB survey says

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