Brexit news: Wetherspoons boss says UK is better off with NO DEAL Brexit | UK | News


JD Wetherspoon announced a huge jump in sales on Thursday but warned prices could rise over the coming months as they called for Britain to leave the with no deal.

Prominent Brexit supporter Tim Martin, who used the recent sales announcement to call for a no deal , said it is “important” to comment on Brexit because there are people “who don’t know what they are talking about”. 

Speaking on CNBC, Mr Martin said: “I think that it is an important matter and it’s important for businesses to put their points across. There’s a lot of smokescreens.

“There is a lot of people who don’t know what they are talking about. So we believe the country will be better off with no deal because it is a protectionist system.

“So, why not say it? I don’t think many people mind debate and tone fair to the media they have been very good at creating a debate so people know a lot more about it than they did a couple of years ago.”

He added: “I don’t think many people, in running a business, would be able to comment on their outlook without referring to Brexit. But the comments I have made can be read in two minutes and they can be agreed with or disagreed with.”

Mr Martin used the company’s results statement to call for a no deal Brexit and insisted the end to tariffs would reduce pub prices.

He wrote: “There will be a huge gain for business and consumers if the UK copies the free trade approach of countries like Singapore, Switzerland, New Zealand, Australia, Canada and Israel, by slashing protectionist EU import taxes (‘tariffs’), on leaving the EU in March next year.”

The Wetherspoons boss added: “If parliament votes to end tariffs and rejects the Chequers deal, consumers and business will benefit additionally by avoiding a cost of £39bn, or £60m per UK constituency, in respect of the EU divorce payment – for which there is no legal obligation.

“Unfortunately, some individuals, businesses and business organisations have mistakenly, or misleadingly, repeated the myth that food prices will rise without a deal with the EU.

“In fact, the only way prices can rise post-Brexit is if parliament votes to impose tariffs.

“The EU will have no say in the matter, provided that the government does not sign away the UK’s rights in a deal in the meantime.”

The Government has issued a series of preparedness reports for the likely impact of the UK walking away from the EU without a deal.

Bank of England governor Mark Carney warned the consequences of a no-deal Brexit could spark a recession in the UK adding that house prices could plummet.

Citing Cabinet sources, Mr Carney pointed out how unemployment figures would reach double-figure percentages, while house prices would plummet by up to 35 percent.

During the cabinet meeting, Mr Carney also mentioned that transport links with the EU, including commercial flights and Eurostar train travel, would stall.



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