Business minister raises the alarm on the tourist tax, saying the government is ... trends now
A Business minister yesterday revealed the Government is ‘very concerned’ about the impact of the tourist tax on companies.
Kevin Hollinrake said Cabinet colleagues would ‘make our views known very strongly’ to the Treasury as it reviews whether to reinstate tax-free shopping for overseas visitors.
Chancellor Jeremy Hunt pledged in last week’s Autumn Statement to ‘carefully’ consider industry evidence of the damage of the tax. His commitment marks a major victory for the Mail’s Scrap The Tourist Tax campaign, which has fought on behalf of scores of firms to demand the Government ditches the levy.
Research suggests the move could boost the UK economy by £10billion a year and support 200,000 jobs, with more than 400 businesses signing a letter demanding the Government rethinks its position.
During business and trade questions in the Commons yesterday, former minister Sir Desmond Swayne told MPs: ‘There are streets in the West End of this city important to our economy that would certainly benefit from the ability of tourists to reclaim VAT, aren’t there?’