West End lost £640m last year due to no tax-free shopping – report

Regent Street at Christmas

London’s prime central shopping district had muted growth of just 0.25% year on year in the key shopping months of November and December.

Domestic spend dropped by 2.2%, requiring an increase of 3.5% in spending by international visitors to offset the drop, according to the latest data from the New West End Company.

 

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