Thursday, 14 June 2018

#JDWetherspoons and Brexit

We are regular supporters of the pub chain J D Wetherspoons. It is a brilliantly well run company. We use the Ryde Wetherspoons (otherwise known as S Fowler & Co) on a regular basis -ha!. Their range of real ales is unmatched - you never get a bad pint - and their prices are unbeatable - tremendous value. Add to that the staff are almost always professional and well trained and their food is decent value (you get what it says on the can!). You cannot go wrong. Consequently it is always busy in a good way. ps I have no connection with Wetherspoons other than a regular customer - ha!

Tim Martin the founder and chairman of Wetherspoons has been a strong supporter of Brexit and had a high profile in the leave campaign. He has been strong on the opportunities Brexit will offer our businesses and has been vociferous in pointing out how the citizens of the UK have been ripped off by the EU. I am at one with him. Our views on Brexit and the EU are fully compatible.

On Wednesday night I always have a beer with my sons - and a press release issued by Wetherspoons which I have copied below was on the bar. (well done Tim and the J D Wetherspoons board - so positive and objective!)

JD Wetherspoon to offer more drinks from UK and non-EU producers and brewers across its 880 pubs in the run up to Brexit
Pub company JD Wetherspoon is to offer more drinks from  UK and non-EU producers and brewers across its 880 pubs from Monday July 9  in the run up to Brexit.
It is switching from a range of drinks including Champagne and  wheat beers, which are produced in France and Germany.
Wetherspoon will replace Champagne with sparkling wines from the UK; Denbies Sparkling Whitedowns Brut and Whitedowns Rose Brut as well as Hardys Sparkling Pinot Chardonnay from Australia.
The pubs will also serve wheat beers from the UK and USA; Blue Moon Belgian White, Thornbridge Versa Weisse Beer and SA Brains Atlantic White.
Wetherspoon will continue to serve Kopparberg cider from Sweden.
Kopparberg has confirmed that it will be producing its cider in the UK post-Brexit.
Its Strawberry & Lime Cider and Mixed Fruit Cider will be complemented by its alcohol free Strawberry & Lime.
Alcohol-free Adnams Ghost Ship will replace Erdinger alcohol free beer from Germany.
Wetherspoon chairman Tim Martin said: “This move helps us to broaden our horizons so that we create an improved offer for the two million customers who visit our pubs each week.
“It is the start of a review all products in the next six to 24 months, with the object of making our business more competitive.
“The EU’s customs union  is a protectionist system which is widely misunderstood.
“It imposes tariffs on the 93 per cent of the world that is not in the EU, keeping prices high for UK consumers.
“Tariffs are imposed on wine from Australia, New Zealand and the US, and also on  coffee, oranges, rice and more than 12,000 other products.
“There will be an inevitable transfer of trade post-Brexit to countries outside the EU, which will reduce prices in shops and pubs.
“The products we are now introducing are at lower prices than the EU products they are replacing.
“We intend to honour existing contracts with EU suppliers, some of which have several years to run.
“However, we are starting to make the transition to non-EU trade now, with  products like Champagne.
“Our biggest bottled cider supplier is the excellent Kopparberg of Sweden.
“Kopparberg has said that it will transfer production to the UK post-Brexit.
“In similar situations we will work closely with suppliers of niche products.
“Brexit will create big marketing opportunities for UK and non-EU producers, which Wetherspoon is keen to encourage.
“To maximise the opportunities from Brexit the UK must follow free trading nations like Australia, New Zealand and Singapore by ending tariffs.
“Ending tariffs will not result in any reduction in government income, since tariffs collected in the UK are sent to Brussels.
“Free trade and the ending  of tariffs will reduce prices, boosting living standards and helping business.
 “This will not be possible if we remain in the EU’s customs union.
“Ending tariffs will also help to minimise border inspections, and will benefit poorer countries in Africa and elsewhere, which are penalised by EU protectionism.”

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