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Thousands of shoppers swapped London for EU since ‘tourist tax’

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The New West End Company, representing London’s tourist hub, views Britain’s decision not to reinstate the tax break post-EU exit as more harmful than the current cost-of-living crisis.

Thousands of tourists who used to come to Britain for tax-free shopping are now visiting stores in Paris, Milan and Madrid after the UK scrapped the incentive in the wake of Brexit.

France and Italy are benefiting the most, attracting more than two-thirds of these travellers, with Spain’s retail sector also getting a boost.“The continued absence of a tax-free scheme is certainly impacting international sales at Selfridges,” said Andrew Keith, chief executive officer of the chain of upmarket UK department stores.

With a national election due later this year, some luxury retailers have given up on any prospect of a change of tack.

 

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