Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ministers open door to phased Heathrow third runway plan

      Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Concern as gambling black market set for £40m Royal Ascot boost

      GettyImages 2282074836 showing a significant event with key figures in a professional setting, highlighting a major develo...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Mexican Michelin stars arrive in the Square Mile at Ned pop-up

      The Ned Los Felix Mexican restaurant interior with vibrant decor and patrons enjoying authentic Mexican cuisine

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Friday 09 September 2016 7:50 am

Wetherspoon’s boss Tim Martin slams everyone who backed Remain in a lengthy essay

By: Helen Cahill

Add as a preferred source on Google

On announcing his company's preliminary results this morning, JD Wetherspoon chairman Tim Martin took the opportunity to slam David Cameron and George Osborne for their conduct during the referendum campaign.

In great detail, Martin listed the people who forecast a disastrous downturn for the country, in some cases, even citing the newspaper article they were featured in.

He criticised them for failing to see the "political chaos" that continued membership of the EU – which he dubbed "an organisation of Byzantine complexity, run by five unelected presidents, with input from numerous other parts of the many-headed Hydra" – would create for Britain.

Martin said:

Just as the combined intellectual weight of the 'good and great' could not see through the flaws in the euro, they have, with honourable exceptions, been unable to see that the principle flaw of the EU – an absence of democracy – will almost certainly lead to further economic and political chaos, and to more dire consequences for those who are subject to EU decisions. The overwhelming economic evidence is that successful countries are democracies.

Read more: Wetherspoon's boss: Everyone cheer up about Brexit

And Martin certainly pulled no punches when it came to the "like-minded" economists who warned against Brexit:

Consensus forecasts from economists, who generally failed to forecast the last recession or the catastrophic flaws of the euro, are almost always delusional.

He then went on to dismiss the idea that Britain needs any sort of trade deal with the European Union, comparing the negotiations with his own personal experience as a pub boss.

"Now that the gloomy economic forecasts for the immediate aftermath of the referendum have been proven to be false, 'Scare Story 2' is that failure to agree on trade deal with the EU will have devastating consequences," he said. 

"This was articulated by fund manager Nicola Horlick this week, who told Radio 4 listeners that leaving the Single Market would relegate the UK from the fifth-biggest economy in the world to the eighth or ninth.

Read more: Mario Draghi says Eurozone recovery 'dampened' by Brexit uncertainty 

"In contrast, Wetherspoon's experience indicates that reaching formal trade deals with reluctant counterparties is impossible – and it is unwise to try."

Here's a full list of all the people and institutions Martin was lording it over this morning:

1. FTSE 100 companies

2. CBI

3. IMF

4. OECD

5. The Treasury

6. The leaders of all the main political parties

7. Almost all representatives of British universities

8. David Cameron

9. George Osborne

10. Mark Carney

11. PwC

12. Goldman Sachs

13. Paul Johnson of the Institute of Fiscal Studies (who took quite a bashing; Martin described him as an "over-confident pundit"). 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

More from CityAM

  • Wetherspoon boss Tim Martin clashes with Ryanair over airport breakfast booze

    Hospitality
    IHG hotel exterior showcasing modern architecture with a welcoming entrance and vibrant cityscape background
  • Our honest review of the brand new Aston Martin DB12 S

    Life&Style
    Aston Martin BD12 luxury sports car showcasing sleek design and high-performance features on a scenic road
  • Wetherspoon issues profit warning over ‘substantial’ cost hikes

    Hospitality
    Founder and Chairman of JD Wetherspoon, Tim Martin
  • Pub bosses warn tax hikes driving youth unemployment crisis

    Hospitality
    Tim Martin speaking at a business conference podium dressed in a suit, emphasizing key industry insights and strategies.
  • Labour’s plans for rent control by stealth will cost £4.2bn a year

    Opinion
    Angela Rayner addresses the media, discussing current political developments and her role in shaping policy decisions.
  • The Debate: Should airports ban early-morning pints?

    Opinion
    A full pint of beer with frothy head on a wooden bar counter, illuminated by soft ambient lighting in a cozy pub setting
  • Martin Sorrell calls WPP ‘catatonic’ as Goldman slaps sell rating on its own client

    Media
    Former WPP chief Sir Martin Sorrell has offered a warning to the government ahead of tomorrow’s Autumn Statement.
  • Executive Leadership and Search Specialist Carlyle Acquires Majority Stake in David Sole-run School for CEOs

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies