Retail Times
21/09/20

Paul Barnes, CEO of the Association of International Retail, said: “The Chancellor needs to look again at this devastating decision, as it simply doesn’t add up and will lead to the loss of tens of thousands of tourism and retail jobs right across the UK. Madrid, Milan and Paris are rubbing their hands with glee at this self-inflicted wound. If we charge a fifth more for the same goods, international visitors will not hesitate to switch their city breaks to other countries and the stores and jobs will follow within months.”

 “UK travellers who’ve shopped abroad and enjoyed a discount will recognise how important these schemes are, and how quickly those savings are then spent on extra holiday treats. In taking this money out of the hands of our own international visitors, the Chancellor is impoverishing all those who depend on tourist spending right across the UK”.

Read the full article here.