Tag: obvious

Oct162020 by adminNo Comments

‘No obvious basis in science’: Wetherspoon boss hits out at ‘ill-thought-out’ COVID-19 rules

Business

Wetherspoon founder Tim Martin has lashed out at the "ever-changing raft of ill-thought-out" coronavirus regulations as the pub chain sank to a £105.4m loss. His renewed criticism came as the company's delayed results also revealed that sales fell by 30% from £1.82bn to £1.26bn in the year to 26 July. It is the first time the firm has posted a loss in 36 years.Live coronavirus updates from the UK and around the world Image: Restrictions imposed under Tiers 1, 2 and 3 of England's lockdown system Last year it enjoyed pre-tax profits of more than £100m. ...

Apr272018 by adminNo Comments

The obvious Brexit link in economic slowdown

Business

No excuses.Try as one might to blame the weather for the weakness of these GDP figures, to judge from what we have just heard from the Office for National Statistics, the economy was starting to sag well before the Beast from the East came in and disrupted UK economic activity.Consumers - the engine of the UK economy for decades - have been spending less and less in recent quarters.The services sector, which grew by around 2% a year in 2015 and 2016, is now growing by around 1% a year.Image:Snowy weather in February and March exacerbated the slowdown in the economyThe construction sector - always volatile - was certainly affected by the Beast. But activity was already trending lower well before the temperatures dropped.All of which is why overall growth is quite so weak. The first quarter'...