New West End Company
This coverage explores the New West End Company’s initiatives, advocacy, and influence on retail and commercial activity in London’s West End. Reporting highlights its work on business rates, footfall strategies, public realm improvements, sustainability projects, and collaborations that support the area’s economic vitality. Retail executives, property managers, and stakeholders can gain insight into how the organisation shapes one of the UK’s premier retail destinations.
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Jun- 2024 -10 JuneNews
Today’s news in brief-10/6/24
Labour has pledged to overhaul the business rates system if it wins the upcoming general election. The party aims to create a fairer system that supports small businesses and high streets while ensuring that large multinationals and tech companies pay their fair share. Shadow Chancellor Rachel Reeves highlighted the need…
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10 JuneNews
New West End Company launches manifesto ahead of GE
New West End Company has announced the launch of its new manifesto ahead of the general election in July. The organisation said that the manifesto will focus on three pillars – supporting opportunity and growth, ensuring the West End is safe and accessible, and promoting the district on the international…
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May- 2024 -2 MayNews
Retail bosses lose confidence in tax-free shopping return
Retail bosses have reportedly warned the government that the decision not to restore tax-free shopping for international tourists will have a knock-on effect on other industries, according to The Times. Janine Constantin-Russell, boss of the outlet shopping centre at the O2 Arena, has accused the government of not paying attention…
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Apr- 2024 -4 AprilNews
‘Missed opportunity’ not ending tourist tax says NWEC chief
Dee Corsi, New West End Company (NWEC) chief executive, has called the government’s decision not to end the tourist tax a “missed opportunity”. Ahead of the latest Budget in March a number of business leaders called upon Jeremy Hunt to scrap VAT on purchases made by tourists but Hunt resisted…
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Mar- 2024 -1 MarchNews
Today’s news in brief-1/3/24
The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End between 2027 and 2033, as indicated by the New West End Company. This initiative, supported by both public and private investments, aims to revamp Oxford Street’s public spaces, infrastructure, and…
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1 MarchNews
Oxford Street revamp to deliver £2.8bn in sales by 2033
The upcoming £90m Oxford Street Programme is set to deliver up to £2.8bn in total additional sales to the West End between 2027-2033, New West End Company has revealed. The significant public and private investment into Oxford Street’s public realm coincides with a wider evolution in mix across the street,…
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Feb- 2024 -26 FebruaryNews
Today’s news in brief-26/2/24
Frasers Group has announced the appointment of four new directors to its board, signalling a significant restructuring move. Among the appointees are David Al-Mudallal, the current chief operating officer, and Ger Wright, the managing director of Sports, who are elevated to executive director roles due to their notable contributions. Additionally,…
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26 FebruaryNews
Tourist tax unlikely to be scrapped in Spring Budget
Tourist tax is unlikely to be overturned in the Spring Budget despite recent campaigning from UK retailers, The Times has revealed. Last week, it was reported that the Association of International Retail (AIR) and New West End Company have submitted new evidence to Downing Street suggesting that the amount of…
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16 FebruaryNews
Today’s news in brief-16/2/24
In January 2024, the UK experienced a significant rebound in retail sales, rising by 3.4% following a 3.2% decline in December. This surge, the largest since April 2021, comes amidst continued inflation, with prices increasing by 4% in January. Despite the rise in prices, consumer spending increased by 3.9%, indicating…
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16 FebruaryHigh Street
NWEC calls for return to tax-free shopping as tourist spending gap widens
The New West End Company (NWEC) has called for the return of tax-free shopping as the gap between the number of international visitors in London and the spending associated with them widened in the final quarter of last year. According to the latest figures released by NWEC, despite a recovery…
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