Labour promise to replace business rates with property taxes
Labour has promised to replace business rates with “business property taxation” to level the playing field between the high street and online.
Source: cityam.com
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London's Oxford Street Is Generating Cash for the Whole Neighborhood
In 2023, Oxford Street captured an estimated 3.1 billion pounds in sales amid a major refurbishment program on the street and in the neighborhood.
Source: wwd.com
The 'tourist tax' could still be scrapped in Jeremy Hunt's budget next week amid a review by the OBR, campaigners say
Hopes for a reversal faded after a Treasury minister said tax-free shopping 'could subsidise a large amount of tourist spending that already occurs without a tax relief in place'.
Source: dailymail.co.uk
Oxford Street sweeter – with fewer shops empty or selling candy
Openings in past year include HMV, Under Armour and Rituals, with Ikea poised to join them in the autumn
Source: theguardian.com
One clear trend from London Fashion Week? The tourist tax is failing retail
London's fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi.
Source: cityam.com