Wetherspoons is cutting prices by 7.5% next Thursday for one day only

says that this puts pubs at a disadvantage when it comes to selling food and drink competitively.

He said: "Pubs suffer a huger disadvantage, paying about 16 pence in business rates per pint versus about two pence for supermarkets."A reduction in the level of VAT, on a long-term basis, will create a level playing field and generate growth and jobs in the important leisure and hospitality sector and help the high street, of which pubs are an integral part."

The chain hopes that it will be the busiest day for its boozers as it demonstrates what prices could be like if the rate was reduced.The campaign is backed by union UK Hospitality. Kate Nicholls, from the union, said: "Pubs are paying around one third of their turnover in tax, which seriously restricts their ability to invest in their venues and staff, and increases prices for customers.

"A cut in the rate of VAT for the hospitality sector could help to address this unfairness and allow pubs and bars to invest in their businesses and staff members, and provide even greater choice for customers."LESS OF A CHOREIceland ad banned after Tesco argued price comparisons were 'misleading'APPY SHOPPERA new report has suggested that

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