JD Wetherspoon boss blasts Brexit 'doom-mongering', as pound keeps climbing - business live

Discussion in 'Market News' started by Lily, Jul 13, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Pub chief Tim Martin lays into Bank of England Governor Mark Carney and IMF MD Christine Lagarde over EU referendum warnings

    7.55am BST

    Tim Martin, the chairman of pub group JD Wetherspoons, has launched a stinging attack on the ‘doom-mongering’ from economists and global organisations ahead of last month’s referendum.

    “Unbeknown to most voters, one of the “architects” of the Remain campaign, which devised the above approach, was Peter Mandelson (“How the struggle for Europe was lost”, Peter Mandelson, Financial Times, 2 July), who worked closely with Cameron, Osborne and others.

    In my opinion, the above individuals and organisations are either dishonest, or they have a poor understanding of economics, since democracy and prosperity are closely linked and the EU is clearly undemocratic. By voting to restore democracy in the UK, I believe the UK’s economic prospects will improve, although it is quite possible that the unprecedented and irresponsible doom-mongering, outlined above, may lead to some kind of slowdown.

    7.31am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    There’s a sense of stability in the City this morning, as the Brexit angst of recent weeks ebbs.

    Discount chain #Poundland has agreed to a £597m takeover by South African retail group Steinhoff International

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