Wetherspoon Rises as Pub Founder Slams Dinner-Party Elite
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JD Wetherspoon Plc, the operator of 860 British pubs, rose to the highest price in more than two years even as Chairman Tim Martin said “dinner party” politicians in the U.K. are squeezing the industry’s earnings.
“Pubs are being stuffed by government regulation and tax,” Martin said today in a Bloomberg Television interview. “We’ve got a government of dinner-party goers, so they don’t go out to pubs as much and they manage to eat VAT-free food in their wealthy suburbs around the country.”