JD Wetherspoon Pubs Chairman Martin Bellies Up Behind 'Brexit'
Tim Martin, chairman of UK pub operator JD Wetherspoon, came out in support of Britain exiting the European Union, a rare instance of a corporate leader publicly siding with those favouring a split.
"The main issue in most people’s minds in the in-or-out EU debate is immigration," Martin (pictured) said Friday in a letter tacked onto the company’s results for the first half of its fiscal year. "It makes no sense in the UK for these sensitive issues to be decided by faceless bureaucrats in Brussels, when we’re just as capable of deciding ourselves."
Martin’s comments come with just over 100 days left until Britain’s referendum on leaving the EU, which this week ensnared Queen Elizabeth II and Bank of England Governor Mark Carney, whose officially neutral positions were scrutinized. Martin, who founded Wetherspoons in 1979, has also used his company’s results statements to weigh in on issues like the U.K.’s beer tax policy, which he says is skewed in favor of supermarkets.
“Clearly, if the U.K. decides to leave the EU, it would be in the economic and other interests of this country and our European neighbors to have friendly relations, strong business links, including free trade and, I believe, free movement of labor,” Martin said.
Watford, England-based Wetherspoon, which operates about 1,000 pubs in the UK and Ireland, also reported a 6.2 percent increase in first-half sales, helped by new craft beers and an enhanced food menu.
News by Bloomberg, edited by Hospitality Ireland