Wetherspoon boss Tim Martin SLAMS Brexit 'scare stories' as pub's group shares hit high
JD Wetherspoon chairman Tim Martin launched a fresh attack on Brexit “scare stories” as his pubs group’s shares hit a record high 1299p, up 29p, on the back of healthy quarterly sales.
Tim Martin has adressed 'factually incorrect and highly misleading' claims
Mr Martin accused the CBI and British Retail Consortium of “trying to fool the public” by refusing to acknowledge food prices will be reduced if Britain leaves the EU without a deal and Parliament votes to eliminate taxes on non-EU food imports.
He said: “In Wetherspoon’s last update, I said that the CBI, the BRC and the chairmen of Whitbread and Sainsbury’s had issued ‘factually incorrect and highly misleading’ information about food price rises, post Brexit, which had been reported as if they were true.
“None of these individuals or organisations has contested the truth of the criticisms."
Tim Martin: Pundits were universally wrong on Brexit
None of these individuals or organisations has contested the truth of the criticisms
“If this misleading information were true, it could have a damaging effect on Wetherspoon, similar businesses and the public - but it is not.
“By refusing to acknowledge the fact that food prices will be reduced, post Brexit, if the UK leaves the EU without a deal and Parliament votes to eliminate taxes which are currently imposed on non-EU food imports, the CBI and the BRC are trying to fool the public and MPs are bringing business into disrepute.”
Half-year profit is slightly ahead of expectations after sales at established watering holes rose 6 per cent.