Wetherspoon CEO urges UK government to avoid tax hikes
Summary
JD Wetherspoon's CEO, Tim Martin, has called on the UK government to avoid tax increases following a reported drop in profits. The company attributed its reduced profits to a £46 million rise in wage costs during the year. Despite this, Wetherspoon noted benefits from increased beer gardens and outside seating in its pubs. The CEO's comments came as part of broader concerns about the impact of potential tax changes on the business sector.
Latest: The CEO of JD Wetherspoon has urged the UK government to avoid tax hikes, citing a decline in profits linked to rising wage costs.
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How it unfolded
Friday 2 October
The CEO of JD Wetherspoon has urged the UK government to avoid tax hikes, citing a decline in profits linked to rising wage costs.
- 03:38The IndependentJD Wetherspoon boss Tim Martin warns government after profits fall
- 03:10The IndependentWetherspoon’s boss tells Government to ‘refrain’ from tax hikes as profits dip
- 03:09Evening StandardWetherspoon’s boss tells Government to ‘refrain’ from tax hikes as profits dip