Tim Martin, founder and chairman of pub chain JD Wetherspoon, has attacked Theresa May’s plans for leaving the European Union.
The vocal Brexiteer has attacked Mrs May for striking a deal with “unelected representatives.”
He went on to say that:
“99% of the benefits of leaving the EU, including the avoidance of vast financial contributions, the elimination of tariffs and the reacquisition of fishing rights, need no agreement from any third party…the prime minister can avoid most current problems by prioritising these areas.”
Mr Martin’s pub chain has already began to prepare for Britain to obtain its independence from the European Union, by removing EU-sourced drinks with non-European drinks. It has for example, began to remove French Champagne with sparkling wine from the UK and German beer has now been swapped with Australian alternatives.
The hospitality industry has often complained about the impacts of Brexit but Mr Martin is feeling much more optimistic:
“We are frequently asked about the effect of Brexit on the company and the economy. The main advantage of Brexit is that the EU is a protectionist system that imposes high tariffs on non-EU imports such as wine, rice, coffee, oranges, children’s shoes and clothes, and over 12,000 other products.
“Leaving the EU allows the UK to adopt the approach of countries like Singapore, Hong Kong, Switzerland and Australia by dismantling these tariff walls, which improves general living standards.”
Mr Martin, who owns 30% of Wetherspoon, made the comments as the pub chain released an update on trading to the London Stock Exchange.
The company said like-for-like sales in the 10 weeks to 8 July rose 5.2% but it said it faced “considerable” costs next year, including increases in minimum wage and a new sugar tax.