Britain Is Scaring Off Investors, London Eye Operator Says
- Tourist dollars being spent abroad instead, CEO argues
- Blackstone-backed Merlin runs attractions like Madame Tussauds
The London Eye ferris wheel.
Photographer: Carlos Jasso/BloombergThis article is for subscribers only.
The chief executive officer of Merlin Entertainments Ltd., which runs UK tourist attractions such as Madame Tussauds and Legoland, said it is becoming increasingly difficult to make big investments in the country.
An uncompetitive tax environment means the “tourist dollars seem to be moving elsewhere,” Scott O’Neil said in an interview, following resistance from the government to bring back a tax cut for visitors to the UK.