News Retail Leaders Urge Reversal of UK ‘Tourist Tax’21/10/2024 Amid rising concern amongst retail leaders, Rachel Reeves is being pressured to revisit the contentious ‘tourist tax’. The call comes…
News Royal Jeweller Reduces Prices by 20% to Mitigate Tourist Tax Impact25/09/2024 In a strategic move to counter the adverse effects of the 2020 removal of VAT-free shopping for tourists, a prominent…
News London retailers count cost of tourist tax as sales fall by 220m16/09/2024 London’s West End retailers are grappling with an estimated £220 million loss in unrealised sales this year, a significant increase…
News Impact of Ending Tax-Free Shopping on the UK High Street02/09/2024 The cessation of tax-free shopping for tourists has significantly impacted the UK’s high street businesses. Neil Clifford, CEO of Kurt…
News Burberrys Downfall A Complex Mixture of Market Challenges and Strategic Missteps01/09/2024 Burberry is poised to be relegated from the FTSE 100 in the upcoming quarterly review, with rankings based on market…
News Tourist Tax Diverts Wealthy Visitors from London to Paris and Milan, Claims Cadogan Estates Boss06/06/2024 The tourist tax controversy has recently gained traction due to its perceived impact on the UK’s economy. Cadogan Estates CEO,…
