500 UK Business Leaders Back Tax-Free Shopping Campaign to Boost Tourism
Over 500 UK business leaders have united behind a campaign to reinstate tax-free shopping for foreign visitors, aiming to boost the country's tourism and retail sectors. The move comes in response to a decline in international shoppers since the introduction of a tourist tax in January 2021.
The tourist tax, implemented in January 2021, has been criticised for discouraging international visitors from shopping in the UK. Selfridges, a prominent retailer, has attributed a significant drop in sales to this tax. In the 48 weeks leading up to January 4, Selfridges' sales plummeted by 7% to £774.6 million.
The Daily Mail has launched a campaign to bring back tax-free shopping for foreign visitors, with over 500 UK business leaders showing their support. Despite no specific information on this backing, the campaign aims to encourage more international visitors to shop in the UK, thereby stimulating the retail sector and the broader economy.
The reintroduction of tax-free shopping for foreign visitors is being advocated by over 500 UK business leaders, seeking to reverse the decline in international shoppers and boost the retail sector. The campaign, led by the Daily Mail, aims to make the UK a more attractive destination for tourists, ultimately benefiting both the tourism and retail industries.
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