A PENARTH pub will cut the price of all food and drink on Wednesday, September 24.

The Bears Head on Windsor Road is to back a national Tax Equality Day where they will slash prices by 7.5 per cent. The day is aimed at highlighting the benefit of a VAT reduction in the hospitality industry.

This one day only occurrences will see prices at the Wetherspoon pub reduced in order to show the benefits of a VAT reduction to 5 per cent.

At present all food and drink in pubs is subject to 20 per cent VAT, compared with supermarkets which benefit from a zero VAT rate.

The pub's manager, Kerrie Parker, said: "We are proud to support the campaign to reduce the level of VAT within the pub industry.

"Customers coming to the pub on Wednesday September 24 will find the price of their food and drink is lower than normal.

"We are keen to highlight the amount customers would save if VAT in pubs was lowered.

"So, for example, the total price of a meal and drinks for a customer at The Bears Head would be reduced from £10 to £9.25 on Tax Equality Day."

Special prices will also take place on a pint of Carling, Foster’s and Sharp’s Doom Bar, together with a Gordon’s Gin and Tonic and a glass of Coldwater Creek wine (from a choice of four) will all cost £1.99 on the day to further highlight lower prices that could be offered with a VAT cut.

Wetherspoon chairman Tim Martin added: "A reduction in the level of VAT on a long-term basis will generate growth and create jobs in the important leisure and hospitality sector."