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UK tax regime criticised by JD Wetherspoon's founder

Chairman of JD Wetherspoon's, Tim Martin, has been very vocal in his criticism of the UK government's taxation policy over the last few weeks and has now issued a number of figures to back up his criticisms. While his group has had to slash prices, broaden services and increase market expenditure he has managed to retain JD Wetherspoon's strong position in the pub market. However, recent results highlighted what is in reality a disgraceful taxation policy in play at the moment.

Mr Martin confirmed that an average pub in the JD Wetherspoon's portfolio makes around £50,000 a year profits after tax, while the same pub is creating something like £530,000 a year in tax income for the government. This means that for every pound paid in taxation, a business such as JD Wetherspoon is only making equivalent of 10p - is this really an encouraging sign to entrepreneurs and business people in the UK?

The main concern now is the fact that as national debt continues to increase the taxation burden on consumers and businesses throughout the UK is set to increase for many years to come. The first sign of a recovery in UK economy will see a ratcheting up of taxation payments by UK consumers and UK businesses.

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