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Thursday, Oct 02, 2025

Wetherspoons boss £44,000,000 richer after Tory election win

Wetherspoons boss £44,000,000 richer after Tory election win

Wetherspoons boss Tim Martin may have backed the Brexit Party in the General Election – but the Conservative Party’s win has made him £44 million richer.

Boris Johnson claimed victory at 5am this morning after the Tories crossed the 326-seat threshold.

With the stock market following the results, it’s been reported that shares in the pub company soared by nearly 10% following the announcement.

On Thursday night, Mr Martin’s 32% stake was worth £487 million on paper.

But by lunchtime on Friday, it had jumped to £531 million, making him £44 million wealthier than before.

All shareholders reaped the benefits of a Conservative win, with a Wetherspoons share worth 1,619p, up from 1,482p.

Staunch Brexiteer Mr Martin has vowed to remove EU drinks from menus, although favourites including Guinness from Ireland and Prosecco from Italy are expected to stay.

The pub group has spent £94,856 on promoting the Leave cause, this including Brexit beer mats and publications.

Earlier this week, Wetherspoons announced plans to invest more than £200 million in pubs and hotels over the next four years, creating around 10,000 jobs.

The prime minister did his first post-election speech this afternoon, urging the nation to ‘let the healing begin’.

Speaking outside Downing Street, Mr Johnson said he hoped the results of last night’s vote will help ‘everyone to find closure’.

He added that he will work to ‘unite and level up’ the whole of the UK under his ‘one nation Conservative government’ to lead us out of the EU by the end of January.

The pub group has spent £94,856 on promoting the Leave cause, this including Brexit beer mats and publications.

Earlier this week, Wetherspoons announced plans to invest more than £200 million in pubs and hotels over the next four years, creating around 10,000 jobs.

The prime minister did his first post-election speech this afternoon, urging the nation to ‘let the healing begin’.

Speaking outside Downing Street, Mr Johnson said he hoped the results of last night’s vote will help ‘everyone to find closure’.

He added that he will work to ‘unite and level up’ the whole of the UK under his ‘one nation Conservative government’ to lead us out of the EU by the end of January.

After Labour suffered its worst result since 1935, Jeremy Corbyn has announced he will stand down as leader after a ‘process of reflection’.

In a short statement, he described himself as ‘very sad’, but insisted he still had ‘pride in the manifesto’.

He said: ‘I have pride in our manifesto that we put forward and all our policies we put forward that actually had huge public support on issues of universal credit, the green industrial revolution and investment for the future.

‘But this election was taken over ultimately by Brexit and we as a party represent people who vote remain and leave, my whole strategy was to reach out beyond the Brexit divide to try to bring people together.’

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