Sadiq Khan: Tax “confusion” could hit London’s investment appeal October 19, 2022 SADIQ KHAN has warned that instability at the top of British politics could hit London’s status as a desirable investment destination. Investors are “not sure that the stability and certainty that existed in London will be there going forward,” the Mayor of London told City A.M. yesterday. “Instability is good for no-one,” he added. A [...]
Coronation: How much will it be worth to the West End? April 30, 2023 Retail and hospitality businesses across London’s West-End are gearing up for a £50m boost during the Coronation weekend, as a flock of tourists will help temporarily relieve inflationary and cost of living woes. According to figures from New West End Company, which represents 600 retail, restaurant, hotel and property owners spanning from Bond Street to [...]
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 [...]
Franco Manca and The Real Greek owner blames home workers for fall into the red despite sales rising to £100m May 14, 2024 The owner of the Franco Manca and The Real Greek restaurant chains has blamed the rise in home working for it slipping into the red.
Rishi may as well have been debating Liz Truss – he lost that one too June 5, 2024 Whether it’s his own leadership rival or the general public, Rishi Sunak keeps speaking to people like he’s a British tourist in the Mediterranean struggling with a non-English speaking waiter, says Will Cooling In a summer contest that he has surprisingly brought forward despite his unpopularity with the electorate, Rishi Sunak impresses journalists by aggressively [...]
Heathrow Terminal 4 to remain closed until end of 2021 December 11, 2020 Heathrow airport has decided to shut Terminal 4 until the end of 2021 as travel restrictions reduce passenger numbers.
It is time Britain rid itself of its entrenched tall poppy syndrome August 3, 2023 Britain has a tendency to chop down the tallest of our poppies, from growing tech businesses to promising young footballers. Some try to do that with one of our more appealing recent success stories: English wine.One recent article elsewhere said the red tasted like vimto and the good stuff was too expensive; buy French, seemed [...]
Love it or loathe it, VAT free shopping only makes our tax system even more unwieldy March 7, 2023 If you want to give luxury stores a leg up at the expense of local businesses and create an even more complicated tax system - VAT free shopping is for you, writes Ben Ramanauskas.
Jeremy Hunt: Inflation is ‘single greatest barrier to growth’ as UK economy flatlines November 10, 2023 Chancellor Hunt is due to give his Autumn statement on 22 November, with business groups saying he should take action to reduce inactivity in the workforce.
Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]