Why are some of London’s wealthiest business owners protesting? November 1, 2023 Some of London’s most high profile retailers and business owners took to the streets of luxury shopping district Savile Row this morning.
I’d never normally protest, but Sunak is bleeding the tourist economy dry November 1, 2023 Sir Rocco Forte and a host of other business leaders are protesting over the tourist tax today. He explains why.
West End makes fresh calls for end to tourist tax ahead of ‘make or break’ festive period October 31, 2023 New West End Company forecasts up to £1.64bn in spending this festive season — but it may be up to international shoppers to take the wheel.
Making Heathrow profitable: Three challenges for the new boss October 26, 2023 After years of lossmaking, Heathrow could be on the cusp of a turnaround and just as its new Danish chief Thomas Woldbye steps in.
Britain’s oldest Casino rolls dice for last time as high end tourists ditch London October 26, 2023 The president of Genting Casinos UK told the outlet that there is a “combination” of factors which have put high-end London casinos at a competitive disadvantage to other global marketplaces.
Stansted boss: Scrap the ‘tourist tax’ to keep London competitive October 18, 2023 The boss of London Stansted Airport has called on the government to scrap the so-called tourist tax in order to keep London competitive.
Liz Truss allies set to publish ‘growth budget’ days ahead of autumn statement October 15, 2023 Liz Truss allies are set to publish their so-called ‘growth budget’ just days ahead of Jeremy Hunt’s autumn statement. The former Prime Minister, who spent just 49 days in power, set up the Growth Commission after leaving Downing Street in a bid to challenge what she termed ‘Treasury orthodoxy’. Now the task force has announced [...]
Selfridges losses narrow amid calls for return to VAT-free shopping October 11, 2023 The net loss for the year was £38.9m a stark improvement from an £83.9m dip it posted in the same period last year.
London Stansted Airport passenger revival sparks fresh calls to scrap tourist tax October 10, 2023 London Stansted airport has beaten pre-pandemic passenger levels for the second month running, sparking fresh City calls to scrap the so-called 'tourist tax.'
Tourism tax: Heathrow sees rise in Chinese visitors — but they are not splashing the cash October 2, 2023 Chinese visitors have returned to numbers close to those before the pandemic — but they are not spending like they used to. Heathrow has reported that Chinese visitor numbers were at 88 per cent of 2019 levels in July, but the airport said their spending at its shops was only 33 per cent of what [...]