Money: Brexit-backing Wetherspoon boss lashes out at Remainers in company report - PressFrom - United Kingdom
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MoneyBrexit-backing Wetherspoon boss lashes out at Remainers in company report

15:40  15 march  2019
15:40  15 march  2019 Source:   uk.finance.yahoo.com

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The Wetherspoons chairman plans to visit more than 100 pubs in a month. Half a million ‘ Brexit beer mats’ were distributed around 895 pubs in all four nations of the United Kingdom before the referendum (Photos: Wetherspoons ). She was a Remainer , but she hid behind a desk and lost.

Wetherspoon founder Tim Martin is on a cross-country tour of his pubs to promote his ideas about Brexit , saying he felt compelled to leave London for his two-month tour as he worries pro- Brexit voices are being censored.

Brexit-backing Wetherspoon boss lashes out at Remainers in company report © Provided by Oath Inc.

The Brexit-backing Chairman of J D Wetherspoon (JDW.L), Tim Martin, used the company’s half year earnings report to lash out at the “establishment” that support Britain staying in the EU.

“The vexed debate about Brexit has continued since the referendum, nearly three years ago. Although the public voted to leave, the majority of ‘the establishment’, including most MPs, most universities, the Bank of England, the CBI and media organisations such as The Times, the Financial Times and The Economist favoured ‘Remain’,” he said in the group’s half-year earnings report.

“The result has been a barrage of negative economic forecasts from those quarters, predicting that the UK will go to hell in a handcart without a ‘deal’ with the EU — which will effectively tie the country into EU membership and taxation, yet without representation.

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THE Brexit - backing boss of Wetherspoons has called time on the pub chain selling most European wines and beers – and customers don’t seem to mind. Mr Martin is a passionate backer of Brexit and has often attacked the Government for its handling of Britain's exit from the European Union.

Wetherspoon founder Tim Martin is on a cross-country tour of his pubs to promote his ideas about Brexit , saying he felt compelled to leave London for his two-month tour as he worries pro- Brexit voices are being censored.

“The doomsters ignore the most powerful nexus in economics, between democracy and prosperity — and the fact that the EU is becoming progressively less democratic, as it pursues an ‘ever-closer union’, for which there is no public consensus.”

Brexit-backing Wetherspoon boss lashes out at Remainers in company report © Getty Tim Martin

Wetherspoon, which is the owner and operator of more than 900 pubs in UK and Ireland, saw profits tumble by 18.9% to £50.3m ($66.5m) in the six months to January 27, 2019. Although, revenue rose 7.1% to £889.6m it was not enough to offset spiralling costs, mainly from labour, which jumped by around £33m.

“As previously indicated, costs in the second half of the year will be higher than those of the same period last year.

The company anticipates an unchanged trading outcome for the current financial year,” said Martin.

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Tensions among punters forced a Brexit debate staged by Wetherspoon founder Tim Martin to ‘Stretching the truth’. Wetherspoon founder Tim Martin cut short his Brexit talk (Photo: Habibur “‘I’m sure there is some element of truth in what he says, but a lot of what he comes out with is not true at

The Brexit torture continues (and there's no end in sight). It’s been another painful week of shadow boxing and game playing that hardly begins to address the Hitherto, the attempt has been to threaten the Brexiters with the possibility of no Brexit and the assorted pragmatists and remainers with no-deal.

“Previous referendum results on major constitutional issues have always been respected in the UK, but if parliament votes either for Theresa May’s ‘deal’ (which keeps us in the EU by the back door) or to remain in the EU, the referendum result will not have been respected.

This may well have significantly adverse economic consequences, as the country turns in on itself to endure months, or years, of stifling constitutional argument,” he added.

Gallery: From beer to Brexit: Wetherspoons' Tim Martin's incredible success story (Lovemoney)

Factories stockpile at record rates ahead of Brexit.
Factories stockpile at record rates ahead of Brexit

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