Published On: Sat, Aug 26th, 2017

Brexit pundits were 'universally wrong' Wetherspoons boss lashes out at Project Fear


Wetherspoons boss Tim Martin has insisted the most curious thing about the vote was how many “pundits” were wrong about its impact. 

Speaking to Bloomberg, Mr Martin claimed the predictions from pundits have been totally wrong. 

The comments come as there was a slight rise in economic growth in Britain, despite the UK continuing to be the slowest growing G7 economy this year.

Mr Martin said: “The really interesting thing is that everyone, the IMF (International Monetary Fund), the Treasury, even President Obama said the economy was going to be bad in the immediate aftermath of a leave vote a year ago.

“And what has happened? I think our GDP is up two per cent, sales are up, we have created 300,000 jobs and generally, things are all going very well. 

“So the pundits have almost been universally wrong about that point and they were wrong equally about their previously big prediction that we would go to hell in the handcart if we didn’t join the Euro.

“So there’s funny things going on with Europe, it is the new financial religion.”

President Obama suggested the British economy would suffer if it voted to leave the in the Brexit vote.

The Wetherspoons boss insisted he did not believe the economy would be negatively impacted by leaving the EU. 

He said: “I think if we are sensible and we increase the level of democracy and we stick to our free trade credentials. 

“All the evidence from around the world says that works, democracy, and free trade, together equals a successful economy. 

“Of course there will be ups and downs, GDP figures will move about.” 

The Wetherspoons boss reiterated the Brexit vote had not impacted the economy and said the business in his pubs was still going strong before he took a swipe at Remainers.

He said: “We have found in our pubs that people are still going out for a pint.

“We have produced some figures a few weeks ago which suggested that our trade was pretty good. 

“Overall I think that things are going pretty okay. People are still having a pint in Britain, It’s got to be pretty bad for people to give that up.

“There’s been a huge outpouring of angst for the Remainers who dominate economists and the boardrooms, who say we risk going to the hell and the handcart.”


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