VAT free shopping U-turn ‘major blow’ for West End as tourists shun London for Paris and Milan October 17, 2022 Scrapping VAT free shopping for tourists is a “major blow” for London and the country’s economy, a group representing luxury stores in the West End and other retail hotspots has said. Paul Barnes, chief executive of the Association of International Retail (AIR) – whose members range from Bicester Village to Heathrow Airport – told CityA.M. the [...]
Tony Matharu: Meet the hotelier on a mission to get London back in full force October 14, 2022 From the floor-to-ceiling glass of suite 725 at Tony Matharu’s Tower Suites hotel on a sunny October morning, one can see flocks of tourists heading towards the Tower of London and Tower Bridge. It looks for all the world like London is back on its feet, and for Matharu, that’s no surprise. “Where we sit [...]
West End has 109 per cent sales boost but retail leaders call for ‘urgent’ business reform October 10, 2022 West End retailers are calling for fresh support and radical reform to help continue their pandemic recovery. The organisation representing 600 outlets and hospitality firms in Bond St, Oxford St, Regent St and Mayfair announced the district is returning to pre-coronavirus levels, but that it still needs help to stop it faltering. The New West [...]
Think-tank: Kwarteng budget “less out of control than the market thinks” September 30, 2022 ONE of the country’s leading economic think-tanks has described estimates that Kwasi Kwarteng’s package of tax cuts in last week’s mini budget could cost £45bn as a “gross exaggeration.” The package has gone down badly with both markets and politicians, with the cost of UK borrowing spiking due to concerns over runaway government spending. However [...]
Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]
Sadiq Khan slams London City expansion as public consultation nears end September 6, 2022 London mayor Sadiq Khan has slammed the proposed expansion of London City airport as the 10-week public consultation on the ramp up of services ends on Friday. Khan accused the airport of not “having demonstrated satisfactorily that [the plans] are compatible with our net-zero and wider environment objectives.” “It is essential the airport recognises that [...]
Sail untouched Croatia for a late-summer escape August 22, 2022 Our tender skims into an empty and secluded turquoise bay, the only sign of civilisation being a 300-year-old fisherman’s cottage and a rowing boat on the shore. It’s the kind of place you might see at the end of a Jason Bourne movie; Matt Damon safe in an exotic hideaway as the camera pans out [...]
Lift our economic spirits by keeping duties and tax down on Scotch Whisky August 16, 2022 You will struggle to find another industry that is like the Scotch Whisky industry. One that’s continued to invest in the UK economy despite the lost exports, tourist visits and hospitality income during the pandemic, rising production and shipping costs, and the loss of more than half a billion pounds in revenue because of tariffs [...]
Growing inequality and financial strain is a threat to London’s social cohesion August 11, 2022 OUR great city works well because we Londoners muddle through together without too much friction. “Live and let live”’ has a claim to be the defining London motto. But there have been times where that harmony has shattered. I remember the shock of Tottenham and Croydon burning in August 2011 and of shops being boarded [...]
Government to review short term holiday lets like Airbnb in tourist hotspots June 29, 2022 The UK government said on Wednesday it was launching a review into short term rentals in popular tourism areas in England, including Airbnbs. Ministers said they wanted to support rental platforms like Airbnb but acknowledged concerns that such businesses could drive communities out of their area – for example if landlords opt to run their [...]