• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

Wetherspoon’s profits take a nosedive

Profits at JD Wetherspoon sunk 19 per cent in the six months to the end of January, its latest results show. The pub chain, run by prominent Brexiteer Tim Martin, blamed a rise in labour costs, interest payments, utility bills, repairs and depreciation for the fall. Martin is currently touring 100 of his 900 pubs, talking […]

Jack Peat by Jack Peat
2019-03-15 11:37
in Business, News
FacebookTwitterLinkedinEmailWhatsapp

Profits at JD Wetherspoon sunk 19 per cent in the six months to the end of January, its latest results show.

The pub chain, run by prominent Brexiteer Tim Martin, blamed a rise in labour costs, interest payments, utility bills, repairs and depreciation for the fall.

Martin is currently touring 100 of his 900 pubs, talking to punters about the merits of leaving the EU without a deal on 29 March, and used the results announcement to express his concern that Brexit would be reversed.

He said: “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’.

“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.

“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.”

“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.”

RelatedPosts

Guns banned at Trump’s NRA address

‘Is that it?’: PM’s lapdog newspapers tell Brits to move on over Partygate

‘Appalling and upsetting:’ Fury at treatment of security and cleaning staff during partygate events

Watch: ‘I’m being heckled by my own people’ says Tory MP as he slams PM and demands he resigns

The company announced last year that it will take a stand against EU based alcoholic drinks, ditching German wheat beers and Champagne in favour of UK and non-EU drinks.

They announced in September that Jägermeister and French brandy would also be shelved in exchange for similar non-EU products.

Please login to join discussion

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Why you even need to consider cyber-security for your business cars

Britain braced for pigs in blankets shortage as EU workers shun festive jobs

Donald Trump skips G7 meetings on Amazon fires and climate change

Richard Branson’s Virgin Atlantic secures £1.2bn bailout package

3 Amazing Places for an Unforgettable New Year Holiday

Jeremy Corbyn egg attacker sentenced to 28 days in prison

Clive Lewis to lay out Labour vision as he bids to stay in the leadership race

Fantasy Football Blog week 7 preview: defensive realignment

Restaurant Review: MEATliquor W1

“I’m Scared” – Student caught up in New York terror attack describes horror of seeing petrified children

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.