One Month on From Retail Reopening: London's West End Faces £5 billion loss in Sales and 50,000 Job Losses Without Further Government Action
· London’s West End welcomed 5.1 million visitors since 15 June, down 73% year on year · At a national level, footfall in central London is 19% lower than UK high streets · City centres, significantly London’s West End, are being held back by a series of restrictions, including uncertainty surrounding returning to work and the use of public transport · London’s West End at risk of £5 billion loss in sales, putting over 50,000 jobs at risk · Reforming tax-free shopping could add £1.4 billion in retail sales annually and give an overall benefit of £2.1 billion to the UK economy.