The boss of travel money exchange business Travelex is the latest boss to join the chorus against the tourist tax, telling the Standard that he believes scrapping it would lead to greater receipts for the Treasury.
It comes as the global money business, which has locations at Selfidges, Westfield shopping centre and Heathrow Airport, reported profits soared by 156% to £58.8 million. Revenues grew by 24% to £534.2 million.
