Letchworth Wetherspoon: The Three Magnets survives amid company closing 32 pubs

By Layth Yousif

28th Sep 2022 | Local News

The Three Magnets at the Arcade survives
The Three Magnets at the Arcade survives

Letchworth: National pub chain Wetherspoon has announced it is selling off 32 pubs across the country amid rising costs - but The Three Magnets at the Arcade survives.

Rising wages, staff and labour costs are said to be the reason behind the move.

The pub chain today, Wednesday (September 28) confirmed the 'commercial decision' after previously warning it could face losses of up to £30million.

In a statement, Wetherspoon spokesman Eddie Gershon said: "On occasion, Wetherspoon does put some of its pubs up for sale.

"This is a commercial decision.

"We understand that customers and staff will be disappointed with it. The pubs will continue to operate as Wetherspoon outlets until they are sold."

Stevenage's Wetherspoon, The Standing Order on the High Street, also avoided the cut, as did the Angel Vaults in Hitchin.

Full list of Wetherspoon pubs to close

Barnsley – Silkstone Inn

Beaconsfield – Hope & Champion

Bexleyheath – Wrong 'Un

Bournemouth – Christopher Creeke

Cheltenham – Bank House

Durham – Water House

Halifax – Percy Shaw

Hanham – Jolly Sailor

Harrow – Moon on the Hill

Hove – Cliftonville Inn

London Battersea – Asparagus

London East Ham – Miller's Well

London Eltham – Bankers Draft

London Forest Gate – Hudson Bay

London Forest Hill – Capitol

London Hornsey – Toll Gate

London Holborn – Penderel's Oak

London Islington – Angel

London Palmers Green – Alfred Herring

Loughborough – Moon & Bell

Loughton – Last Post

Mansfield – Widow Frost

Middlesbrough – Resolution

Purley – Foxley Hatch

Redditch – Rising Sun

Sevenoaks - Sennockian

Southampton – Admiral Sir Lucius Curtis

Stafford – Butler's Bell

Watford – Colombia Press

West Bromwich – Billiard Hall

Willenhall – Malthouse

Wirral – John Masefield

     

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