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Business leaders are to submit a proposal to the UK Border Agency to boost the number of Chinese visitors to Britain. Their plan to streamline visa applications is designed to cut the amount of red tape involved in processing requests by Chinese tourists.
London retailers are keen to lure wealthy tourists and have welcomed an £8m Government campaign to treble the number of Chinese visitors to the UK over the next three years. The UK is currently lags behind France and Germany in attracting Chinese tourists – France currently attracts 25 to 50 per cent more Chinese tourists than the UK.
Luxury retailers are not just looking for an increase in overall visitors, but also a rise in the number of wealthy customers. The scheme aims to bring 500,000 Chinese visitors a year into the country by 2015, leading to an estimated £569m of additional spending and creating 14,000 more jobs.
Let’s hope that these aspirations are more realistic than the Government’s overly ambitious forecasts for the Olympics….
H&M is the latest retailer to confront its landlords about this ‘two tier retail market’ in an attempt to explore and negotiate more favourable terms.
View blog
Ann Summers is the latest retailer to have entered into new voluntary deals with the majority of their landlords, rather than using the CVA process.
We previously reported on the High Court decision of S Franses Ltd v The Cavendish Hotel (London) Ltd in which it was held that a landlord’s motive could not prevent it from successfully utilising ‘ground (f)’ under s30(1) of the Landlord and Tenant Act 1954 to oppose a lease renewal.
The FCA are encouraged to find that the implementation of the new rules has encouraged financial institutions to manage whistleblowing cases and concerns fairly, consistently and in a manner that protects the individual whistleblower.
Partner and Head of Real Estate
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