Wetherspoons boss slams unfair taxes
JD Wetherspoon pub chairman Tim Martin has criticized the situation where pubs pay higher taxes that supermarkets.
While announcing record sales for the financial year 2011 he warned that pubs are still suffering due to high energy and supply costs. He said the disparity created a “serious and sustainable” disadvantage.
“The well documented increases in areas such as utilities and bar and food supplies, combined with ongoing pressure on consumers’ income, continue to make this a tough trading environment,” he added.
“Nonetheless, given our resilient sales, profit and cash flow, together with the potential to open further new pubs, the board is aiming for a reasonable outcome in the current financial year.”
Wetherspoon’s currently has a total of 823 pubs. It plans to open about another 50 in the coming year.
- 24 JulGambling Business Group announce Priority IssuesStrategic body, the Gambling Business Group, (GBG) has contacted Jeremy Wright QC congratulating him on his appointment as Secretary of State for Digital, Culture, Media and Sport (DCMS) and identifying a list of priority issues impacting the development of the industry as a socially responsible provider of gambling entertainment.
- 24 JulBacta to voice members’ outrage over B2 delay at Treasury meetingA senior delegation of Bacta figures comprising National President Gabi Stergides, Vice President James Miller and Chief Executive John White, will meet with officials from The Treasury next week to convey the industry’s outrage over the proposed delay in implementing the £2 stake on FOBTs and to outline the case for reducing MGD on SWP machines from 20% to 5%. The meeting will be held on Wednesday 25th July at The Treasury.
- 11 JulSUZOHAPP appoints Mike SigonaSUZOHAPP is pleased to announce that, effective July 2nd, Mike Sigona assumed the role of Global Gaming Product Manager and Business Development Manager for Europe.