Rishi Sunak and Jeremy Hunt face Tory rebellion over VAT-free shopping trends now
Rishi Sunak and Jeremy Hunt face Tory rebellion over VAT-free shopping trends now
Rishi Sunak and Jeremy Hunt face Tory rebellion over VAT-free shopping as critics say tourist spending has slumped since the benefit was axed after Brexit Chancellor Jeremy Hunt said axing VAT-free shopping saves £2billion a year Lack of wealthy tourists means Mulberry may close flagship Bond Street store Tory MP Sir Geoffrey Clifton-Brown warned: 'it is affecting jobs and businesses'
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Calls to bring back VAT-free shopping for international tourists intensified yesterday amid fears that the UK is losing out to European rivals.
Sir Geoffrey Clifton-Brown, deputy chairman of the Commons public accounts committee, argued that the problem was harming the economy.
His warning came hard on the heels of luxury handbag firm Mulberry saying it may be forced to shut its flagship Bond Street store as wealthy overseas visitors stay away.
VAT-free shopping allows tourists to claim back 20 per cent on their purchases. It was first axed by
