CITY WHISPERS: Rishi's tourist tax is so last season, darling By Francesca Washtell Updated: 22:00 BST, 13 July 2024 e-mail View comments British Fashion Council chairman David Pemsel wasted no time in reviving the campaign to scrap the tourist tax now there is a new Government. Rishi Sunak axed VAT-free shopping as Chancellor and to the bewilderment of some Tory MPs refused to budge on the matter as Prime Minister. Pemsel drew new Business Secretary Jonathan Reynolds’ attention to the tax in a speech last week.
Out of fashion? Rishi Sunak axed VAT-free shopping as Chancellor Whispers hears that retail leaders whom Reynolds met brought it up too. Reynolds won’t make the call. Anything tax-related is the Treasury’s remit.
But he could be a powerful advocate for companies who felt sidelined by Sunak. There is ample evidence that axing the tax would boost the economy as wealthy tourists also spend big on restaurants, hotels and entertainment. RELATED ARTICLES Previous 1 Next Carpetright in race for lifeline as it teeters on brink of.
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Sounds like Reynolds hasn’t heard the last of it. Former BT boss can afford to splash out In the m.
