Simon English: 'Spoons suffers another unfair helping of taxes
Thursday 03 May 2012
Outlook Tim Martin was banging on about the same old thing yesterday. He's perfectly entitled, since he's right.
His cheep and cheerful pub chain JD Wetherspoon is managing the economic decline better than most.
Sales are rising and the empire is still growing, albeit at a slower rate than before. More than that, Mr Martin is still hiring people.
But the taxation issue continues to annoy. In his latest update to investors he notes three tax rises of late – a rise in excise duty and fruit machine tax and a so-called "late night levy" – that will cost the company £11m this year. Says Mr Martin: "The extra taxes on fruit machines and the late-night levy are not applicable to supermarkets, so the tax disparity between supermarkets and pubs has been further increased."
'Spoons has created 3000 jobs in the past year, "but all of the economic benefits of our expansion are currently being levied by the Government as taxes, an unsustainable situation".
When bankers moan about tax and hint about moving to the thriving financial market in Peru, they're generally trying it on. It's a bluff that should be called. Mr Martin isn't threatening anything, he just thinks the efforts of himself and his staff to run a proper business are being unfairly hindered. It's hard to escape the idea that since Wetherspoons is the sort of place in which George Osborne would only be seen dead, he views the pubs as no more than sources of tax revenue at best and social problems at worst.
If the Chancellor wanted to show he really is business, rather than merely banker, friendly, he'd cut onerous taxes down the local.
Exclusive: World’s most pristine waters are polluted by US Navy human waste
Saint Patrick's Day: Google Doodle marks patron saint of Ireland - here are 10 things you didn't know about the man himself
Missing Malaysia Airlines Flight MH370: Did jetliner fly into area controlled by Taliban? Net widens after claims final satellite signal could have been sent from the ground
Britain’s five richest families worth as much as poorest 20 per cent, says Oxfam
Nasa-funded study warns of ‘collapse of civilisation’ in coming decades
Ukip and Nigel Farage on course for remarkable victory in European elections
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
Tony Benn was entirely ineffectual - and usually wrong
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
Europeans have ‘got whiter’ due to natural selection in past 5,000 years, scientists say
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Gender-specific books demean all our children. So the Independent on Sunday will no longer review anything marketed to exclude either sex
- 3 Missing Malaysia Airlines Flight MH370: Did jetliner fly into area controlled by Taliban? Net widens after claims final satellite signal could have been sent from the ground
- 4 Nasa-funded study warns of ‘collapse of civilisation’ in coming decades
- 5 'Missing Malaysia Airlines Flight MH370 plane found in Bermuda Triangle!' Viral Facebook links are profiting hackers
iJobs Money & Business
£35000 - £60000 per annum + Bonus + Benefits: Pro-Recruitment Group: You must ...
£32000 - £42000 per annum + Bonus and Benefits: Harrington Starr: A leading pr...
£60000 - £65000 Per Annum plus car allowance and excellent benefits: Clearwate...
£55000 - £65000 per annum: Harrington Starr: Front Office Support Analyst -Cha...