Clear BUY.21 Jan 2024 10:41
Two of my grandchildren 17 & 18, who are at college and have part time jobs tell me how their local Wetherspoons, Poulton le Fylde and Cleveleys respectively are meeting up points for their crew of similarly minded pals. It is cheap and cheerful whereby the 17 year olds leave at 9pm and the older ones can stay longer if they wish. This is perhaps replicated in many other Spoons across the country adding to the impression that most Spoons are rammed from breakfast time right through to kicking out time.
Meanwhile holiday park operator Haven has announced an exclusive agreement with JD Wetherspoon to open pubs at its locations where a captive audience will add many £s to Wetherspoon’s balance sheet. A clever move from the operators and from Wetherspoons and one that will be replicated elsewhere.
The company and the public at large are due to benefit from Hunt’s giveaway budget in March that will include tax cuts for workers and tax cuts for companies, all designed to get the economy moving, putting money into pockets and winning the Tories the election. So desperate are they that a second giveaway budget will probably appear in the autumn.
Summer and eating out at the local pub is not far away. A clear BUY.