MPs call on Jeremy Hunt to introduce duty-free shopping at UK terminals October 27, 2022 MPs have called on the Chancellor to introduce duty-free shopping for arriving passengers at UK terminals. The All-Party Parliamentary Group for the Future of Aviation wrote yesterday to Jeremy Hunt asking him to introduce VAT-free shopping at British airports, international rail and ferry terminals “to help our sector flourish and recover” from the impact of [...]
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
MPs slam ‘short-sighted and incredibly damaging’ tax-free shopping u-turn October 24, 2022 Cross-party MPs have warned that a u-turn on tax-free shopping for overseas tourists is “short-sighted and incredibly damaging” as the tourism sector hopes to recover post-Covid. In a new report, the Digital, Culture, Media and Sport (DCMS) Committee said Chancellor Jeremy Hunt’s u-turn was hindering the sector. The committee said it felt the government was [...]
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 [...]
Shaftesbury back in the black as West End landlord sees ‘rapid rebound’ in shopping destination November 29, 2022 West End landlord Shaftesbury has swung back to profit as the capital’s retail heartland bounced back from Covid-19 disruption this year. The landlord, which is set to merge with neighbouring property giant Capital and Counties next year, shared a £119.1m profit after tax in full-year results. This was a strong come-back for the Carnaby, Seven [...]
The Notebook: Neil Bennett on scale-up funding, bounce-back Britain and a Love Supreme June 14, 2023 Roll up, roll up ladies and gentlemen for the greatest sale on earth, a once in a generation opportunity to snap up corporate assets at unrepeatable prices. If you don’t, my (imaginary) new investment firm, Car Boot Capital, will certainly do so. It is a truth universally acknowledged that we are living through a liquidity [...]
Profit jumps at pub group Fuller’s as City workers return June 13, 2024 Fuller's has unviled a strong set of results for the year to the end of March as drinkers continue to return to the City.
Loveholidays: How CEO Donat Rétif tripled profit by ‘democratising’ travel August 2, 2024 Donat Rétif has only been the CEO of Loveholidays since 2019, but under his leadership the vacation marketplace has experienced explosive growth across all major metrics, doubling its revenue, tripling its pre-tax profit and quadrupling its workforce.
Businesses’ ask for the next budget? Make a decision and stick with it, for all our sakes October 26, 2022 Taxes will have to go up and spending down – to the tune of some £40bn on top of what has already been announced by the Chancellor, Jeremy Hunt.
The Notebook: Neil Clifford on dyslexia, profit with purpose and the greatest American asset July 24, 2023 Where interesting people say interesting things. Today, it’s Neil Clifford, chief executive of London luxury brand Kurt Geiger Profit with purpose is keeping us on the right track I left school in 1983 with a single qualification to my name: an O-level in art. I was dyslexic, but I didn’t find that out until years [...]