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UK politics
fromBusiness Matters
13 hours ago

Britain 'throwing away 2bn a year' after scrapping VAT break for tourists, Reeves told

Removal of VAT-free shopping since 2021 has left non-EU visitor spending at 75% of pre-pandemic levels, costing Britain about £2bn last year.
fromBusiness Matters
1 month ago

West End retailers lose 310m from VAT-free shopping ban in first half of year

The scrapping of VAT-free shopping for international visitors has cost London's West End £310 million in lost sales during the first half of 2025, according to new research. The figure represents a 40 per cent rise on the £220 million recorded for the same period last year, and is the largest six-month loss since the scheme was abolished by the Conservative government in 2021.
UK news
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