{"id":144999,"date":"2023-11-15T05:10:23","date_gmt":"2023-11-15T05:10:23","guid":{"rendered":"https:\/\/celebritywshow.com\/?p=144999"},"modified":"2023-11-15T05:10:23","modified_gmt":"2023-11-15T05:10:23","slug":"britain-lacks-a-competitive-edge-because-of-controversial-tourist-tax","status":"publish","type":"post","link":"https:\/\/celebritywshow.com\/world-news\/britain-lacks-a-competitive-edge-because-of-controversial-tourist-tax\/","title":{"rendered":"Britain lacks a competitive edge because of controversial tourist tax"},"content":{"rendered":"
Tourism bosses have warned MPs that Britain is losing its competitive edge because it lacks a VAT-free shopping scheme.<\/p>\n
MPs questioned chief executives on the impact of Rishi Sunak’s decision to remove the ‘tourist tax’ refund policy for holidaymakers in 2021.<\/p>\n
Marks & Spencer, Harrods and Mulberry are among more than 400 prominent businesses that have backed the Mail’s campaign calling for the Government to scrap the levy.<\/p>\n
Foreign visitors are opting to spend more time and money in rival destinations, such as France and Italy, tourism bosses told the culture, media and sport committee.<\/p>\n
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MPs questioned chief executives on the impact of Rishi Sunak’s decision to remove the ‘tourist tax’ refund policy for holidaymakers in 2021<\/p>\n
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Pictured: Harrods as London prepares for the Christmas season (File Photo)<\/p>\n
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Marks & Spencer, Harrods and Mulberry are among more than 400 prominent businesses that have backed the Mail’s campaign calling for the Government to scrap the levy<\/p>\n
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Shoppers walk in London’s Oxford Street as the Christmas lights are switched on<\/p>\n
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Pictured:\u00a0Cartier store in Bond Street, Mayfair<\/p>\n
Paul Barnes, of the Association of International Retail, which represents Bicester Village and Heathrow Airport, said Britain is ‘falling back’ as a top tourist destination.<\/p>\n
He said Britain is facing a ‘spiral of decline’ and that retailers are investing more in Paris, where there is tax-free shopping, rather than London.<\/p>\n
Patricia Yates, chief executive of VisitBritain, said: ‘This isn’t just about retail shops on Bond Street, this is about supply chains across the UK. It is seen as a tax break for wealthy people, it’s not.<\/p>\n
‘We want people to buy British brands while they are in Britain.’<\/p>\n
Retail destination Bicester Village is seeing ‘a significant deflection of spend’ to Europe, according to Hayley Beer-Gamage, chief executive at tourism board Experience Oxfordshire.<\/p>\n
She said: ‘Destinations offering tax-free schemes are being very aggressive with it. We are seeing European destinations advertising on the London Underground and regional airports.’<\/p>\n
Business chiefs are holding their breath for a sign in Chancellor Jeremy Hunt’s Autumn Statement next week that he has listened to them.<\/p>\n