Wetherspoons boss slams unfair taxes
JD Wetherspoon pub chairman Tim Martin has criticized the situation where pubs pay higher taxes that supermarkets.
While announcing record sales for the financial year 2011 he warned that pubs are still suffering due to high energy and supply costs. He said the disparity created a “serious and sustainable” disadvantage.
“The well documented increases in areas such as utilities and bar and food supplies, combined with ongoing pressure on consumers’ income, continue to make this a tough trading environment,” he added.
“Nonetheless, given our resilient sales, profit and cash flow, together with the potential to open further new pubs, the board is aiming for a reasonable outcome in the current financial year.”
Wetherspoon’s currently has a total of 823 pubs. It plans to open about another 50 in the coming year.
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