No 10 backs ‘vertical drinking’ in Soho pubs Hospitality Downing Street has waded into the debate over so-called “vertical drinking” and called on Westminster City Council to “work with” the industry to maintain the culture of pints outside London pubs. “Busy pubs full of people talking to each other is not a public nuisance, it is British life and it is thousands of jobs,” [...]
Exclusive: Record amount of tax contributed by insurance members of ABI Economics The Association of British Insurers has revealed its members contributed a record £18.5bn in tax to the UK’s public finances over the last financial year
West End: Tourist tax ‘disadvantage’ costs retailers hundreds of millions Business Retail business in London missed out on a projected £220m in the first half of 2024 due to the ongoing effect of the so-called tourist tax, despite continued growth in international visitor numbers. The number of international visitors to London was three per cent above pre-pandemic levels, but spending in the West End fell nearly [...]
Aircraft leasing firm Avation sees profits cut in half March 1, 2024 The company posted it unaudited results for the six months ended 31 December 2023, which saw revenue and other income at $46.3m (£36.6m), down from the $55.7m (£44m) it reported for 2022.