Tax-free UK shopping can help more than just tourists

finance
Created 2/10/2024
Updated 2/10/2024

Reintroducing tax-free shopping for international visitors in the UK could boost the economy beyond just tourism. Studies suggest this move could increase retail, hospitality, and travel sectors, with potential for more visitors and spending. The policy, scrapped in 2020, is under review for its economic impact, considering the balance between direct costs and broader benefits like increased tourism employment and revenues.

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