Home Business NewsBusiness Wetherspoon reports £68m loss

Wetherspoon reports £68m loss

by LLB Editor
19th Mar 21 7:58 am

The pubs group JD Wetherspoon lost £68 million in the six months to the end of January as it was hit hard by coronavirus restrictions and the forced closure of pubs.

Revenue over the period fell 53.8 per cent to £431.1 million. The company scrapped its interim dividend.

Tim Martin, the group’s chairman, said: “It is disappointing that so many regulations, implemented at tremendous cost to the nation, appear to have had no real basis in common sense or science.

“The future of the industry, and of the UK economy, depends on a consistent set of sensible policies and the ending of lockdowns and tier systems, which have created economic and social mayhem and colossal debts, with no apparent health benefits.”

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