RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Hear! Hear! Scrap the tourist tax that’s harming Britain Sun Apr 23, 2023 9:34 pm | |
| Britain boasts some of the most prestigious shopping venues in the world, spanning from sumptuous London stores such as Selfridges to outlets on Edinburgh’s Royal Mile and popular Bicester Village.
So the prospect of getting 20 per cent off clothes, souvenirs or luxury items to take home is a huge incentive for tourists to come here and splash their cash.
That is why Jeremy Hunt’s decision not to reinstate duty-free shopping for overseas visitors is so short-sighted and damaging.
Just when the UK’s economy needs every bit of help if it is to recover fully from the lingering fallout from the pandemic, the Chancellor has dealt it a devastating blow.
True, the Treasury believes axing this benefit will raise an extra £2billion to help fill the bruising budget deficit. But let’s be crystal clear: This is a false economy.
.https://www.dailymail.co.uk/news/article-12005653/DAILY-MAIL-COMMENT-Scrap-tourist-tax-thats-harming-Britain.html
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