JD Wetherspoon boss says no-deal Brexit will lead to lower prices

JD Wetherspoon boss says no-deal Brexit will lead to lower prices
 

The JD Wetherspoon chairman, Tim Martin, said no-deal Brexit tariff plans would lead to lower prices for consumers, as higher pay for staff dented profits at the pub chain.
Martin has been one of the most outspoken business proponents of leaving the EU without a deal, meaning trade would default to World Trade Organization terms.
The government on Wednesday revealed plans to cut tariffs to zero on 87% of British imports by value if there is no deal, but the plans would also raise tariffs on meat imported from the EU. That could impact Wetherspoon’s food sales, which accounted for 36% of... read more

 
Friday, 11:53 in Business, Views: 52
Source: Guardian
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