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City AM
City AM
By Jessica Frank-Keyes International tourists are spending more in Europe than in the UK as Britain’s retail sector continues to be hamstrung by the government’s decision to scrap VAT-free shopping, members of the House of Lords warned yesterday. The UK dropped VAT-free shopping for tourists, which has since been dubbed the tourism tax, after it officially left the EU under then Chancellor Rishi Sunak. But the retail industry has long been calling to reinstate it. “Tourists who come to the UK at the moment are spending about the same as they did in 2019,” Baroness Elizabeth Doocey said. “But U…
