Exeter-based JD Wetherspoon Plc boss Tim Martin has blamed the Government for causing soaring inflation after the pub company made a six-month pre-tax loss of £13m.
In a strongly-worded statement to investors Mr Martin said Westminster blew £400bn on Covid measures which was financed by the Bank of England printing money which, in turn, led to runaway inflation and higher taxes.
The Wetherspoon chairman lambasted politicians from all parties for implementing “draconian” restrictions, which created “lockdown-by-stealth” and pummelled the hospitality, travel, leisure and other sectors, and called lockdowns the main threat to the UK economy.
